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 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 (ETH) is trading at $2,344, displaying more bearish signals on its chart, 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 have risen by 0.25% in pre-market trading, and derivatives positioning is also being closely watched.