#比特币价格分析 This JPMorgan analysis report is really interesting. A target price of $170,000 sounds very tempting, but we need to stay rational. The recent sharp decline has indeed been shocking, but seeing that the Strategy's mNAV is still above 1, at least in the short term, there's no need to worry too much about being forced to sell coins.

I've been observing a few traders who are good at grasping big trends; they have all been cautiously increasing their positions recently. However, I still recommend everyone to control their positions well, after all, the market is so volatile. Personally, I would allocate about 20% of my total funds to these big trend trades, and the rest to continue observing or doing some short-term trades.

Regarding production costs, this is quite interesting. If a self-reinforcing cycle like in 2018 really forms, it could present good low-entry opportunities. But in such cases, the risks are also significant, so it's important to closely monitor miners' movements. In summary, stay cautious and optimistic—opportunities and risks coexist.