Bitcoin is currently trading at approximately $77,700, representing a 1.8% increase since midnight UTC, following a rebound from the $75,650 mark, which previously acted as a resistance point during the last week's price surge. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a decisive role in bitcoin's attempt to break through the $80,000 barrier.
Meanwhile, Ether is valued at $2,344, displaying a more bearish chart pattern than bitcoin, characterized by a series of declining highs since April 17. The overall market is experiencing an uptrend, driven by anticipation among US investors for the upcoming earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market closes on Wednesday.
Nasdaq 100 futures have risen by 0.25% in pre-market trading, reflecting the positive market sentiment.