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 price surge. This rebound implies 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 attempt to break through the $80,000 threshold. Meanwhile, Ether is priced at $2,344, with its chart exhibiting more bearish signals 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 closes on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, and the derivatives market is seeing a reduction in risk, while speculative investments are flowing into memecoins.