News: Bitcoin experienced a significant bullish surge today, driven by positive sentiment from China's President Xi Jinping's endorsement of blockchain technology. This led to a 12-15% price increase, pushing BTC above $8,500 and boosting trading volumes on exchanges like Binance Futures. However, bearish technical indicators like the 'death cross' persist, and prominent figures like Mike Novogratz warn of potential further declines. The market sentiment is mixed, with immediate bullish momentum countered by underlying bearish technicals and cautionary outlooks.

Market Probabilities: 
Bull 60% | Base 30% | Bear 10%

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