The analyst discusses the Bitcoin chart, noting its continuous descent and bouncing off the $100,000 support level. After losing the $106,000 level, Bitcoin dropped to $100,000. The on-chain data shows the $100,000 level is important. The analyst claims confidence that every dip is a buying opportunity. The strategy is to earn money with the back and forth movements in the market. From a trading point of view the trading strategies are open. The analyst sees that Bitcoin is still in a downtrend, but a falling wedge is starting to form right now with a bullish pattern. More often the price breaks towards the upside. The analyst infers a price target of $112000 in the mid term. Then the analysis goes over some altcoins like ETH, SOL, BNB, and gives an insight on some trading strategies for those coins. Finally JPM sees BTC reaching $170000 in 6-12 months.