News: The crypto market shows mixed signals today. On the long-term front, the SEC's review of Bitcoin ETF decisions and the launch of new institutional-grade crypto funds by Morgan Creek and Bitwise are significant positive developments, signaling growing institutional interest and potential for increased adoption. However, regulatory scrutiny, as seen with Brazil's inquiry into exchanges, remains a persistent factor. Short-term, Bitcoin is holding above $7,000, buoyed by positive sentiment and the ETF review news, but faces technical resistance. The Square patent for crypto payments is a notable positive for utility, while privacy enhancements like Dandelion could attract interest. Overall, a cautious optimism prevails, with institutional developments providing a stronger long-term tailwind.

Market Probabilities: 
Bull 50% | Base 30% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
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