Bitcoin, currently priced at $78,966.90, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 price point that previously acted as a resistance level during the last week's rally. This upward movement suggests a positive trend shift, with $75,650 now serving as a crucial support level that could play a vital role in bitcoin's potential push to surpass $80,000.
Meanwhile, Ether (ETH) is trading at $2,344, displaying a more bearish chart pattern 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 tech company earnings reports, including those from Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures have also seen a 0.25% increase in pre-market trading, reflecting the market's anticipation. Additionally, derivatives positioning and token market trends are being closely watched.