Bitcoin is currently trading at approximately $77,700, marking a 1.8% increase since midnight UTC, after successfully rebounding from the $75,650 level, which previously acted as a resistance point during last week's rally. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a vital role in bitcoin's potential push to surpass $80,000. Meanwhile, Ether is valued 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 tech company earnings, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures have risen by 0.25% in pre-market trading, reflecting the positive sentiment.