The Bitcoin price, currently at $78,227.34, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650. This level previously acted as a resistance point during the last week's rally but now serves as a support level, signifying a potential bullish trend. If Bitcoin is to make another push towards the $80,000 threshold, the $75,650 support level could be pivotal. Meanwhile, Ether (ETH) is trading at $2,344, exhibiting 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 release of 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, and derivatives positioning is also under observation.