#BTC大跌后反弹，后市行情怎么走？ #币圈观察员 A Golden Finance report stated that Morgan Stanley's analysts said in a report that most of the favorable catalysts that could drive the price increase of BTC and the wider cryptocurrency market have already been priced in, including the Morgan Stanley wealth advisor providing encryption ETFs to its clients, the end of the Beijing crackdown, and favorable regulations from both parties in the United States, etc. The bank said that these positive catalysts seem to have been reflected in the current price of digital assets. 'Due to the limited risk reduction in the Chicago Mercantile Exchange BTC futures field, the stock market is still fragile... Although there have been recent adjustments, we still remain cautious about the cryptocurrency market,' the bank said. The bank said that any short-term recovery in the encryption market may be temporary, as the price of BTC is still high relative to its production costs and gold. The bank's analysts currently estimate that the average production cost of BTC mining is about $49,000, and any PA below this level will bring pressure to miners, further suppressing the price of BTC.