News: Bitcoin shows signs of short-term bullish momentum, aiming for $8,500 amidst choppy trading. The crypto space is buzzing with activity from Consensus 2018 and Blockchain Week, with business announcements and celebrity endorsements generating attention. NVIDIA's strong earnings also indirectly support the mining ecosystem. Long-term, China's continued push for blockchain innovation and the growth of stablecoins are positive developments for adoption and market infrastructure.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.6000000000000001, "key_reason": "China's active promotion of blockchain technology, including assessment indices and research institu"}