News: The crypto market is experiencing mixed signals. The long-term outlook remains bullish, primarily driven by the SEC's approval of spot Bitcoin ETFs, which is expected to unlock significant institutional capital and broaden retail access. However, short-term sentiment is cautious, influenced by ongoing GBTC outflows from entities like FTX and speculative news surrounding meme coins and X payments. Macroeconomic factors, such as anticipated Fed rate cuts, provide a supportive backdrop, but immediate price action is sensitive to large position unwinds and security concerns like the SEC's X account hack.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.575, "key_reason": "The ongoing efforts by major financial institutions to launch spot Bitcoin ETFs signal a significant"}