The Bitcoin price, currently at $78,348.72, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650, a level that previously acted as a resistance point during the prior week's upward trend. This rebound indicates a shift towards a bullish outlook, with $75,650 now serving as a crucial support level that could be essential for Bitcoin to make another push towards surpassing the $80,000 mark. Meanwhile, Ether is valued at $2,344, with its chart exhibiting more bearish indicators 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 close on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the anticipation of these earnings reports. Additionally, derivatives positioning and market trends in various tokens are being closely monitored.