News: Bitcoin shows resilience with a strong year-to-date performance, bolstered by positive expert outlooks and progress on the U.S. debt ceiling negotiations, which are reducing macroeconomic uncertainty. However, ongoing regulatory scrutiny in the U.S. and proposals for crypto regulation as gambling in the UK present long-term headwinds. Developments in Hong Kong regarding retail crypto trading and China's nuanced approach to crypto for debt settlement offer potential for increased adoption and demand.

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

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