The Bitcoin price, currently at $78,577.49, has risen by 1.8% since midnight UTC to trade around $77,700, 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 crucial support level that could facilitate another attempt to break through the $80,000 barrier. Meanwhile, Ether is trading at $2,344, displaying more bearish tendencies than Bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptrend as US investors look forward to a series of tech company earnings reports, including those from Alphabet, Microsoft, Amazon, and Meta, all scheduled for after the market close on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive market sentiment. Additionally, derivatives positioning and token performance are being closely monitored.