Review of the current rebound: Technical analysts switched from short to long first, Garrett Jin remains one of the few pessimists
BlockBeats News, March 17, starting this Monday, the crypto market has shown an accelerated rebound, with bitcoin and ethereum both reaching their highest points since February 5. Amid unclear situation in Iran and macro liquidity uncertainties, this rebound in crypto assets is likely more of a technical rebound. BlockBeats reviews the current market as follows:
This weekend, technical analysts represented by Peter Brandt and Ali Charts were the first to switch from bearish to bullish, openly advocating for crypto. Since March 10, Peter Brandt has repeatedly published charts, suggesting that bitcoin will see a short-term rise. Yesterday, Peter Brandt updated his view, stating that ethereum has formed a "small daily bottom" in its long-term historical support area, implying ethereum may surge towards $2,600.
Ali Charts also issued a warning ahead of the market rebound. At 2 a.m. Monday in East Eight Zone, Ali Charts unusually stated that the probability of bitcoin rebounding is as high as 100%. Yesterday, he supplemented his view on ethereum, noting that ethereum's super trend indicator "has switched from sell to buy for the first time since last September. The last two times this signal appeared, ethereum's price rose by 52% and 174% respectively."
While technical analysts are calling the shots, Saylor and Tom Lee are intensifying their accumulation. Monday's announcement shows that Strategy last week again significantly increased its holdings by 22,337 bitcoins, while Bitmine added 60,999 ETH last week, both showing clear acceleration.
However, it is worth noting that Garrett Jin, the agent of the previously high-profile but failed "BTC OG insider whale," has become one of the few pessimists in the current market. He has recently expressed concerns several times that the situation in Iran could lead to a market crash. When asked about his views on the crypto market, Garrett Jin said, "I still don't have enough confidence to build positions. Now I prefer to trade other more obvious investment opportunities."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IWF ETF Declines 1.3%
This article was automatically generated using Dow Jones technology. Shares of iShares Russell 1000 Growth ETF dropped 1.3% to $127.11 Thursday on what proved to be an overall negative trading session for the U.S. stock market, with the S&P 500 Index falling 0.5% to 7,765.36. This was the fund's second consecutive day of losses. The fund's underlying index, the Russell 1000 Growth Index, fell 1.3%. The ETF's shares closed 2.1% below the 52-week high of $129.80 seen on October 6, 2026. Trading volume was 4,726,199, compared to the 65-day average trading volume of 3,881,173. As of October 7, the fund's net asset value totaled $128.81 per share. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 08, 2026 16:36 ET (20:36 GMT)
FactSet Research Systems Inc. Stock Advances 5.0%, Outperforms Peers
This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of FactSet Research Systems Inc. advanced 5.0% to $286.52 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.1% to 51,231.64 and the S&P 500 Index falling 0.5% to 7,765.36. This was the stock's second consecutive day of gains. FactSet Research Systems Inc. closed 10.6% below its 52-week high of $320.48, which the company achieved on September 3rd. The stock outperformed some of its peers, as Alphabet Inc. Cl C fell 0.7% to $344.86, Alphabet Inc. Cl A fell 0.6% to $348.29, and S&P Global Inc. rose 1.91% to $402.73. Trading volume totaled 1.1 million, compared to the 50-day average of 847,281. Data source: Dow Jones Market Data, FactSet (END) Dow Jones Newswires October 08, 2026 16:34 ET (20:34 GMT)
Trane CEO David Regnery disposes of 48,091 common shares worth $23,083,680
Trane Technologies Chair and CEO David S. Regnery sold 48,091 ordinary shares on Oct. 6 at USD 480. He also exercised stock options for 48,091 shares at USD 78.97 on the same day. Direct holdings fell to 96,951 ordinary shares following the transactions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trane Technologies plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065454), on October 08, 2026, and is solely responsible for the information contained therein.
Crypto prices
More
