News: Bitcoin and the broader crypto market are experiencing a downturn, primarily driven by the Federal Reserve's hawkish stance and expectations of sustained higher interest rates. This macroeconomic pressure is overshadowing positive developments like the Grayscale ETF ruling, which, while a long-term bullish catalyst, is not providing immediate upward momentum. Upcoming options expiries add to short-term uncertainty. Despite the current bearish trend, the continued accumulation by entities like MicroStrategy and the potential for spot Bitcoin ETF approvals remain significant long-term bullish factors.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "MicroStrategy's continuous and significant accumulation of Bitcoin demonstrates strong institutional"}