Bitcoin, currently trading at $77,700, has experienced a 1.8% increase since midnight UTC, rebounding from the $75,650 level that previously acted as a barrier during last week's rally. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a crucial support level that could facilitate another attempt to break through the $80,000 threshold. Meanwhile, Ether is trading at $2,344, displaying more bearish signals than Bitcoin, with a series of lower highs recorded since April 17.
The overall market is trending upwards in anticipation of key tech earnings reports from companies like Alphabet, Microsoft, Amazon, and Meta, all scheduled for Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive market sentiment. Additionally, derivatives positioning and token performance are being closely watched.