News: Bitcoin has reached a new all-time high above $70,000, driven by strong inflows into spot ETFs and positive sentiment surrounding potential Federal Reserve rate cuts. However, the market is showing signs of volatility, with Bitcoin experiencing sharp pullbacks after hitting new highs, mirroring previous patterns. While the overall sentiment remains bullish due to ETF adoption and macro factors, the repeated corrections suggest caution and potential for continued choppiness in the short term. Miners are also performing well, reflecting the positive correlation with Bitcoin's price.

Market Probabilities: 
Bull 60% | Base 30% | Bear 10%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6499999999999999, "key_reason": "The SEC's approval of multiple spot Bitcoin ETFs is a fundamental shift, democratizing access to Bit"}