News: Bitcoin experienced significant volatility today, with a dramatic flash crash on Binance US to $8,000, likely due to a technical glitch, followed by a retreat from its all-time high to around $63,000. This pullback suggests profit-taking after the recent ETF launches. However, positive institutional news, such as the Houston Firefighters Pension Fund's investment and growing sentiment from major asset managers like Capital Group, provides a bullish undercurrent. The approval of a second Bitcoin ETF by Valkyrie further supports institutional adoption. Overall, the market is showing mixed signals with short-term bearish pressures from volatility and profit-taking, countered by strong long-term bullish catalysts from institutional interest and growing adoption.

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

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.55, "key_reason": "El Salvador's adoption of Bitcoin as legal tender is a landmark event that signals increasing mainst"}