#比特币价格走势 Seeing Tom Lee's clarification, I am reminded of the confusion many beginners have when analyzing the market—why do different predictions exist for the same project? Actually, this is very normal.

Short-term and long-term are two different timelines. For risk management in the short term, you need to be defensive, understand the drawdown risks to survive longer; for long-term asset allocation, you should look at the liquidity and adoption rate over larger cycles. Bitcoin might retrace to the $60,000-$65,000 range in the first half of 2026 (risk management perspective), but ultimately it will surge to a new high of $200,000 (macro liquidity perspective)—these two conclusions are not contradictory at all.

The same logic applies to us retail investors: in the short term, don’t blindly go all-in on a new project; diversify interactions and control risks. In the long term, persistent accumulation and the power of compound interest will show their effects. Don’t be fooled by a single price prediction; learn to think in layers, which can help you avoid pitfalls and seize opportunities.

When the next airdrop hotspot arrives, use this mindset to evaluate projects; the results will be noticeably different.