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 last week's rally. This rebound indicates a potential bullish trend, with $75,650 now serving as a key support level that could be vital for bitcoin's next attempt to break through the $80,000 threshold.
Meanwhile, Ether is valued at $2,344, with its chart exhibiting more bearish signals than bitcoin, having formed a series of lower highs since April 17. The broader market is experiencing an uptrend, driven by anticipation among US investors for a slew of upcoming tech company earnings reports, including those from 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 also under scrutiny.