Bitcoin is currently valued at $77,700, representing a 1.8% increase since midnight UTC, after successfully rebounding from the $75,650 price point, which previously acted as a resistance level during the prior week's rally. This rebound implies a shift towards a bullish outlook, 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 threshold. Meanwhile, Ether is trading at $2,344, displaying a chart with more bearish indicators than bitcoin, characterized by a series of declining highs since April 17. The overall market is experiencing an uptrend, driven by anticipation among US investors for the upcoming 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 the derivatives market is signaling a decrease in risk exposure.