News: The crypto market is showing continued bullish momentum, with Bitcoin nearing significant price levels driven by strong anticipation for spot ETF approvals. Positive sentiment is bolstered by expert predictions of a 2024 bull run and ongoing institutional interest, as evidenced by marketing efforts for ETFs and venture capital funding in new sectors like Bitcoin Ordinals. However, broader market sentiment is tempered by some recession fears in traditional markets, leading to slight pullbacks in stocks, which could introduce short-term volatility.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6499999999999999, "key_reason": "The SEC's active review of an Ethereum ETF application, following similar processes for Bitcoin ETFs"}