The Bitcoin price, currently at $78,322.62, has risen by 1.8% since the start of the day, following a rebound from $75,650, a level that previously acted as resistance during the last week's surge. This rebound indicates a potential bullish trend, with $75,650 now serving as a critical support level that could be essential for Bitcoin's next push towards the $80,000 mark. Meanwhile, Ether is trading at $2,344, displaying more bearish signals than Bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptrend, driven by anticipation of upcoming tech company earnings, including those from Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive sentiment. Additionally, derivatives positioning and market trends are being closely watched.