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 last week's rally. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a critical support level that could be vital for bitcoin's potential attempt to surpass $80,000. Meanwhile, Ether is priced at $2,344, with its chart exhibiting more bearish signals than bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptrend, driven by anticipation among US investors of upcoming tech company earnings, including those of Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday. Nasdaq 100 futures have risen by 0.25% in pre-market trading, while derivatives positioning and token market trends are also being closely watched.