Bitcoin is currently trading at approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650, a price point that previously acted as a resistance level during the prior week's rally. This rebound hints at a bullish trend, with $75,650 now serving as a support level that could be vital for bitcoin's potential push beyond $80,000.
Meanwhile, Ether is valued at $2,344, displaying more bearish indicators than bitcoin, with a series of lower highs recorded since April 17. The overall market is experiencing an uptrend as U.S. 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, and derivatives positioning is indicating a shift in market sentiment.