Bitcoin is currently trading at approximately $77,700, representing a 1.8% increase since midnight UTC, after bouncing back from the $75,650 level, which previously acted as a resistance point during the last week's price surge. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a crucial support level that could play a vital role in bitcoin's potential push towards the $80,000 mark.
Meanwhile, Ether (ETH) is trading at $2,344, with its chart exhibiting more bearish signals compared to bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend, driven by anticipation among US investors for the upcoming 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 are up 0.25% in pre-market trading, reflecting the positive market sentiment.
Derivatives positioning and token trends are also being closely monitored.