The price of Bitcoin is currently hovering around $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 shift towards a bullish trend, with $75,650 now serving as a support level that could be vital for Bitcoin's potential push towards the $80,000 mark. Meanwhile, Ether is trading at $2,344, displaying more bearish signals on its chart compared to Bitcoin, having formed a series of lower highs since April 17.
The overall market is experiencing an uptrend as US investors await the release of earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market closes on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, and the derivatives market is showing signs of de-risking.