News: The market sentiment remains cautiously optimistic, with strong ETF inflows in May suggesting continued investor appetite for risk assets. Long-term, the narrative around Bitcoin's halving and the potential for broader institutional adoption through ETFs in regions like the UK and Hong Kong continues to be a key bullish driver. Short-term, Bitcoin shows price stagnation, but positive developments like PayPal's stablecoin expansion to Solana and the ongoing discussion of crypto for retirement planning indicate underlying ecosystem growth. Key risks include macroeconomic uncertainty and regulatory developments.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.575, "key_reason": "The Bitcoin halving is a programmed event that reduces the rate of new Bitcoin creation, leading to "}