News: The crypto market is showing mixed signals today. Long-term, the continued push for spot Bitcoin ETFs by major institutions like BlackRock and Fidelity remains a significant bullish driver, signaling growing institutional adoption. However, short-term sentiment is leaning bearish, with Bitcoin dropping below $29,000 amid negative news concerning Binance and broader economic concerns from China. Fundstrat's bullish prediction for Bitcoin ahead of the halving offers a counterpoint, but immediate price action is being weighed down by negative catalysts and a rotation out of Bitcoin funds into altcoins.

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

Recommendations: 
Short-term: SELL
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "The narrowing discount of GBTC reflects increased market anticipation for a spot Bitcoin ETF approva"}