News: Bitcoin showed renewed strength, hitting a two-month high after a late-day surge, indicating a potential shift in market sentiment. Positive developments include PayPal launching crypto trading in the UK and speculation around Amazon's crypto plans, which are strong bullish signals for adoption. However, regulatory pressures continue, with Binance winding down derivatives in Europe, and the large options expiry on Deribit introduced short-term volatility. MicroStrategy's Q2 results highlighted the impact of market downturns on its holdings, but the company remains committed to Bitcoin accumulation.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.625, "key_reason": "El Salvador's adoption of Bitcoin as legal tender is a significant catalyst for broader adoption and"}