Bitcoin is currently valued at $77,700, marking a 1.8% increase since midnight UTC, after recovering from the $75,650 price point, which previously acted as a resistance level during last week's rally. This rebound implies a shift towards a bullish trend, with $75,650 now serving as a support level that could be pivotal in bitcoin's potential push to exceed $80,000.
Meanwhile, Ether is trading at $2,344, displaying more bearish signals on its chart, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await the release of tech company earnings, including 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, and the derivatives market is seeing a shift in positioning.