Bitcoin is currently trading at approximately $77,700, marking a 1.8% increase since midnight UTC, after successfully rebounding from the $75,650 price point that previously acted as a resistance level during the prior week's surge. This upward movement suggests a shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a pivotal role in bitcoin's potential push towards the $80,000 milestone. Meanwhile, Ether is valued at $2,344, with its chart exhibiting more bearish tendencies than bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptrend, driven by anticipation among U.S. investors for the impending 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 by 0.25% in pre-market trading, reflecting the positive market sentiment. Additionally, derivatives positioning and token performance are being closely monitored for insights into market trends and potential shifts in investor behavior.