#比特币价格走势 Tom Lee's team's latest forecast framework is worth dissecting. On the surface, it appears to be an optimistic outlook predicting a new all-time high before the end of January 2026, but the underlying logical chain is more thought-provoking — they explicitly predict a significant correction in the first half of the year, with Bitcoin dropping to the $60,000-$65,000 range.

This actually segments the year's layout into phases: first digesting risks to secure better entry points, then迎接 the growth cycle in the second half of the year. From on-chain capital data, such volatility is a normal liquidity feature; the key lies in identifying the depth of the correction and the timing window.

A detail worth noting is the judgment of ETH's relative strength — mentioning miner selling pressure, MSTR factors, and quantum risk differences. If these structural advantages hold, it means that during the downtrend, different assets will show divergence in their resilience.

The year-end target of $115,000 for Bitcoin and the $4,500 expectation for ETH reflect a quantitative view of the full-year return potential. The focus is not on the target numbers themselves but on whether this forecast framework can guide us to make correct position decisions at critical points.