News: The market sentiment remains cautiously optimistic, with Bitcoin holding strong above $26,000 despite broader equity market weakness. Key long-term drivers include the ongoing anticipation of spot Bitcoin ETF approvals, with the Grayscale ruling providing significant positive momentum. Institutional adoption continues to grow, evidenced by increased trade sizes and reduced short-selling. In the short term, the market is consolidating, awaiting further macroeconomic signals, but positive on-chain metrics like exchange outflows are supportive.

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": 0.625, "key_reason": "The SEC's repeated delays on spot Bitcoin ETF applications create uncertainty. While a potential app"}