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 the last week's surge. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a support level that could play a pivotal role in bitcoin's potential push to exceed $80,000.
Meanwhile, Ether is valued at $2,344 and exhibits more bearish signals on its chart compared to 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 have risen by 0.25% in pre-market trading, and the derivatives market is seeing a shift in positioning.