The Bitcoin price, currently at $78,380.51, has risen to around $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650, a level that previously acted as a barrier during the last week's rally. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a crucial support level that could facilitate another attempt to break through the $80,000 threshold. Meanwhile, Ether (ETH) is trading at $2,344, displaying more bearish signals than Bitcoin, with its chart showing a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await the upcoming earnings reports from major tech companies, including Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market closes on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is also being closely watched.