News: Bitcoin experienced intraday volatility, dipping below $30,000 before recovering, while most other major cryptocurrencies saw declines. The SEC's acceptance of Valkyrie's spot Bitcoin ETF application for review provided some optimism, but was overshadowed by macroeconomic concerns, particularly strong U.S. retail sales data suggesting further Fed rate hikes. Leveraged long positions are being liquidated, indicating short-term market stress. Institutional interest remains a key long-term driver, with positive global sentiment contrasting with U.S. regulatory uncertainty.

Market Probabilities: 
Bull 40% | Base 40% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The potential approval of a spot Bitcoin ETF by a major asset manager like BlackRock is a significan"}