News: Bitcoin experienced a notable retracement after testing the $9,000 resistance level, highlighting short-term volatility. However, positive long-term signals persist, including institutional adoption efforts like Fidelity's European expansion and the filing of a Bitcoin ETF in Canada. The increase in CME Bitcoin futures open interest also points to growing institutional interest. On the regulatory front, the IRS adding a crypto question to tax forms indicates increased scrutiny, which could lead to greater clarity but also short-term uncertainty.

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 Coinbase CEO's long-term vision of one billion users and government adoption, coupled with scali"}