News: Bitcoin is trading below $17,000 as investors brace for key macro events: the November CPI report and the Federal Reserve's final policy meeting of the year. The arrest of FTX founder Sam Bankman-Fried and ongoing scrutiny of Binance are significant short-term negative catalysts. However, positive proof-of-reserves reports from exchanges like KuCoin offer a glimmer of confidence. The market remains highly sensitive to inflation data and Fed commentary, with a potential for volatility in either direction.

Market Probabilities: 
Bull 35% | Base 40% | Bear 25%

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