News: Bitcoin has broken above the $17,000 mark, signaling a potential bullish short-term trend driven by easing Federal Reserve concerns and positive U.S. jobs data. This has led to gains across the broader crypto market and crypto-related stocks. However, ongoing industry layoffs and significant job cuts at major financial institutions like Goldman Sachs introduce a bearish counter-narrative regarding economic outlook and liquidity. The long-term outlook remains influenced by the FTX fallout and regulatory uncertainty, with institutional adoption potentially delayed.

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

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