Bitcoin, currently valued at $78,366.96, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650, a price point that previously acted as a resistance level during the prior week's surge. This resurgence suggests a shift towards a bullish trend, with $75,650 now serving as a support level, potentially playing a pivotal role in bitcoin's future attempt to surpass the $80,000 mark. Meanwhile, Ether (ETH) is valued at $2,344, with its chart exhibiting more bearish indicators than bitcoin's, characterized by a series of declining highs since April 17.
The overall market is experiencing an upswing, driven by anticipation among U.S. investors for the upcoming earnings reports from prominent 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 have risen by 0.25% in pre-market trading, and derivatives positioning is also under scrutiny.