News: Bitcoin experienced a notable pullback, dropping below $56K as momentum slowed, with support identified around $53K. This short-term bearish pressure is contrasted by ongoing long-term bullish developments, including Fidelity's launch of a spot Bitcoin ETF in Canada and Goldman Sachs' positive outlook on Bitcoin's options market, suggesting continued institutional interest. Regulatory scrutiny, exemplified by Senator Warren's inquiry into Bitcoin mining's environmental impact, remains a key concern, while Grayscale's legal challenge to the SEC regarding ETF approvals adds to the regulatory uncertainty.

Market Probabilities: 
Bull 45% | Base 35% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
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