Rebound Recap: Technicians Lead the Way in Longing the Short, with Garrett Jin Standing Out as One of the Few Bears

March 17th. Since this Monday, the crypto market has rebounded sharply, with Bitcoin and Ethereum hitting their highest levels since February 5th. Amid uncertainty over Iran and volatile macro liquidity, this rally is likely more of a technical bounce. BlockBeats’ recap of the latest trends follows: Over the weekend, technical analysts led by Peter Brandt and Ali Charts were the first to “flip bullish,” issuing clear positive calls on crypto. Brandt has posted charts multiple times since March 10th, signaling a short-term Bitcoin uptrend. Yesterday, he updated his view, noting Ethereum has formed a “small daily bottom” in a long-term historical support zone—suggesting it could surge toward $2,600. Meanwhile, Ali Charts flagged the rebound ahead of time. At 2 a.m. Beijing time on Monday, he made a rare statement that Bitcoin’s rebound probability was “100%.” Yesterday, he added his Ethereum take: its super-trend indicator “has flipped from sell to buy for the first time since last September. This signal only appeared twice recently, with Ethereum prices rising 52% and 174% afterward, respectively.” While analysts weighed in, Michael Saylor (MicroStrategy) and Tom Lee ramped up their positions. A Monday announcement showed MicroStrategy boosted its Bitcoin holdings by 22,337 coins last week, while Bitmine increased its ETH holdings by 60,999 coins—both showing clear acceleration. Notably, Garrett Jin, agent for the previously high-profile bullish “BTC OG insider whale,” has emerged as one of the few bearish voices. He has repeatedly warned the Iran situation could trigger a market collapse. When asked about his outlook, Jin said: “I don’t currently have enough confidence to build a position. Right now, I’m leaning toward trading other more obvious investment opportunities.”