Bitcoin rises to $77,400 as strong tech earnings boost optimism despite short-term risks.

Bitcoin climbed to about $77,400 following strong earnings reports from major U.S. tech companies like Apple, Google, Microsoft, Meta, and Amazon, which improved market sentiment and lifted risk assets. However, short-term pressures remain due to reduced expectations for interest rate cuts, significant outflows from spot bitcoin ETFs, and geopolitical risks linked to oil prices and tensions around the Strait of Hormuz. Traders are closely watching the $80,000 resistance level and upcoming changes at the Federal Reserve, including the transition in chairmanship, which could add volatility. Overall, while the bounce reflects relief buying, the market remains volatile and sensitive to economic data and policy signals.