News: Bitcoin experienced a pullback today, slipping to $101K and seeing altcoins spiral, largely due to a hawkish tone from the Federal Reserve. Despite a predicted rate cut, the Fed's updated projections and Chairman Powell's comments suggest a more cautious approach to future easing, dampening immediate speculative enthusiasm. Powell also explicitly stated the Fed is not allowed to own Bitcoin, countering the narrative of potential government adoption. This cautious macro outlook and regulatory clarity (or lack thereof) are creating short-term bearish pressure, though long-term bullish catalysts like institutional adoption and pro-crypto political sentiment remain.

Market Probabilities: 
Bull 40% | Base 30% | Bear 30%

Recommendations: 
Short-term: SELL
Long-term: BUY
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