News: Bitcoin has surged past $70,000, nearing all-time highs, driven by a confluence of factors including strong inflows into spot Bitcoin ETFs, anticipation of the U.S. election, and positive commentary from prominent investors like Paul Tudor Jones and Chamath Palihapitiya. These short-term catalysts, combined with long-term institutional adoption trends and positive macroeconomic signals from US economic growth, create a strongly bullish outlook for the immediate future. However, potential shifts in Fed policy and the ongoing election uncertainty remain key watch items.

Market Probabilities: 
Bull 75% | Base 20% | Bear 5%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.8, "key_reason": "The surge above $71K, coupled with substantial short liquidations and strong ETF inflows, indicates "}