Bitcoin, currently valued at $78,687.37, 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 rebound indicates a shift towards a bullish trend, with $75,650 now serving as a crucial support level that could be vital for bitcoin's potential push beyond $80,000. Meanwhile, Ether (ETH) is trading at $2,344, displaying more bearish signals than bitcoin, with its chart showing a series of declining highs since April 17. The overall market is experiencing an uptrend, driven by anticipation among U.S.
investors for the upcoming earnings reports from major tech companies, including Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday. Nasdaq 100 futures are also up by 0.25% in pre-market trading, reflecting the positive sentiment. Additionally, derivatives positioning and token trends are being closely watched.