News: Bitcoin experienced a significant rally yesterday, breaking through resistance levels and reaching near $8,800, though it faces a critical hurdle at $8,830. Altcoins like XRP and Ethereum are showing strong bullish momentum, outperforming Bitcoin. Meanwhile, developments in institutional adoption, such as CME Bitcoin options and the growth of secure custodians, continue to build long-term positive sentiment. However, concerns remain regarding regulatory scrutiny on major exchanges like Binance and Huobi due to illicit fund flows, and the ongoing legal disputes surrounding early Bitcoin figures like Craig Wright add a layer of uncertainty.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6000000000000001, "key_reason": "Significant protocol upgrades like Taproot and Schnorr are crucial for Bitcoin's long-term viability"}