Rebound Review of This Round: Tech Enthusiasts Take the Lead in Longing the Short, "BTC OG Insider Whale" Proxy Becomes One of the Few Bears

BlockBeats News, March 17th. Starting this Monday, the crypto market has seen an accelerated rebound with Bitcoin and Ethereum reaching their highest points since February 5th. Amid the uncertain situation in Iran and macro liquidity full of uncertainty, this rebound in crypto assets may be more of a technical rebound. BlockBeats reviews this round of market trends as follows:

This weekend, the technical faction represented by Peter Brandt and Ali Charts took the lead in "flipping long," clearly expressing bullish views on crypto. Since March 10th, Peter Brandt has repeatedly posted charts, implying a short-term uptrend for Bitcoin. Yesterday, Peter Brandt updated his view, stating that Ethereum has formed a "small daily bottom" in a long-term historical support area, suggesting Ethereum may surge towards $2600.

Ali Charts also issued a warning before the market rebound. At 2 am on Monday Beijing time, Ali Charts made a rare statement, saying the current probability of Bitcoin's rebound is as high as 100%. Yesterday, he added his Ethereum view, stating that Ethereum's super-trend indicator "has turned from sell to buy for the first time since September last year. This signal has appeared twice recently, with Ethereum's price rising by 52% and 174% respectively."

While the tech faction is calling for long positions, Saylor and Tom Lee are intensifying their positions. An announcement on Monday showed that Strategy significantly increased its Bitcoin holdings by 22,337 coins last week, while Bitmine increased its ETH holdings by 60,999 coins last week, both showing significant acceleration.

However, it is worth noting that Garrett Jin, the "BTC OG Insider Whale" agent who previously had a high-profile failed bullish call, has become one of the few "bearish" voices in the current market. Expressing concerns multiple times that the Iran situation could lead to a market collapse, when asked about his view on the crypto market, Garrett Jin stated, "I currently do not have enough confidence to increase positions. I am now more inclined to trade other more obvious investment opportunities."