#比特币价格走势分析 The recent price trend of Bitcoin has indeed been quite shocking! But don't worry, JPMorgan's analysis has given us some confidence. Although Bitcoin has plummeted from a high of $120,000 to $82,000, they still maintain a target price of $170,000. This indicates that major institutions remain optimistic about Bitcoin's long-term prospects.

Let's look at some key points:
1. The Strategy company's mNAV ratio is currently 1.13, above 1.0, indicating no immediate risk of forced selling.
2. The production cost of Bitcoin has been lowered from $94,000 to $90,000, mainly due to decreases in hash rate and mining difficulty.
3. The de-leveraging of perpetual contracts has basically ended, which may mean the risk of a sharp short-term decline has decreased.

For us ordinary users, now might be a good entry point. But remember, investing involves risks, so you should decide based on your own situation. If you have sufficient funds, consider buying in batches to average your cost. Also, keep a close eye on market movements, especially the MSCI index decision on January 15th, which could have a significant impact on Bitcoin's price.