Bitcoin, currently valued at $78,786.67, has risen by 1.8% since midnight UTC to trade around $77,700, following a rebound from $75,650, a price level that previously acted as resistance during the last week's price surge. This rebound signals 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 towards the $80,000 mark. Meanwhile, Ether is trading at $2,344, exhibiting more bearish tendencies on its chart, characterized by a series of lower 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, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday. Nasdaq 100 futures are up by 0.25% in pre-market trading, reflecting the positive sentiment.
Additionally, derivatives positioning and market chatter around various tokens are worth noting.