Bitcoin is currently trading at approximately $77,700, representing a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during last week's price surge. This rebound indicates a potential bullish trend, with $75,650 now serving as a critical support level that could be essential for bitcoin's next attempt to surpass the $80,000 mark.
Meanwhile, Ether is valued at $2,344, displaying more bearish indicators than bitcoin, having formed 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 close on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is also being closely watched.