#数字资产市场动态 Spot silver is pulling back, but Bitcoin, as digital gold, is showing opposite strength, with a two-day increase surpassing $2,000, rising from over 87,000 to just below 90,000. Market sentiment is clearly leaning bullish.

In the short term, there is still upward momentum after the New Year, and the probability of reaching the 100,000 mark is quite high. But what about the medium term? That’s worth pondering. Breaking 126,000 to set a new high in 2026? Honestly, the chances are slim. Instead, we should be wary of downside risks—dropping to 30,000 to 50,000 is more concerning, and even the 10,000 to 30,000 range cannot be completely ruled out. In more extreme scenarios, there are precedents for prices in the thousands of dollars.

Of course, avoiding rare extreme market conditions is also possible, such as soaring to over 200,000 or even 300,000. While such cases are niche, they are not impossible. The key is understanding the US debt issue— to ease debt pressure, monetary policy will inevitably be adjusted, and the most effective way for the market to harvest gains is often to catch most people off guard. This is the essence of the game.

From a broader perspective, the performance of digital assets like $BTC and $ETH may attract a wave of capital to reassess traditional asset allocations. The A-share market could also benefit—crypto funds often seek new investment directions. An optimistic outlook suggests seeing highs of 4200 to 4500 in the first half of next year, with a correction down to below 3900 in the second half. If market sentiment is released quickly enough, levels around 3300 to 3500 are also within expectations.

The key is to prepare psychologically—volatility is normal, and expectation management is the priority.