#加密市场情绪分析 JPMorgan surprisingly says Bitcoin's target price could reach $170,000? That's way too optimistic! It's already fallen to just over $80,000 now, and they still dare to call for such a high price. However, some of their analysis is quite interesting, like the mNAV indicator and the changes in mining costs. But I think the most important thing is to watch market sentiment; this recent drop has really scared everyone. Although JPMorgan says deleveraging is almost done, I feel people are still quite uneasy. Overall, this market is still too crazy—who knows what will happen next? Anyway, I don't dare to bet casually; I’d rather just watch the show and enjoy the spectacle.