Bitcoin, currently trading at $77,700 with a 1.8% increase since midnight UTC, has rebounded from $75,650, a level that previously acted as a resistance point during the last week's price surge. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a support level that could be vital for bitcoin's potential attempt to break through the $80,000 mark.
Meanwhile, Ether is priced at $2,344, displaying more bearish trends than bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await the release of 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 are up 0.25% in pre-market trading, reflecting the anticipation.
Additionally, derivatives positioning and token trends are being closely watched.