News: Bitcoin experienced a volatile day, initially dipping on hotter-than-expected U.S. inflation data which tempered rate cut expectations. However, it showed remarkable resilience, rebounding to $70,000 and outperforming traditional assets. The anticipated approval of Hong Kong spot Bitcoin ETFs and continued strong performance of Ordinals inscriptions provide bullish undercurrents, while the looming halving event remains a key long-term driver. Grayscale's CEO suggesting ETF outflows are stabilizing offers a positive signal for reduced selling pressure.

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 regaining of the $1 trillion market cap signifies strong market sentiment and increased adoption"}