News: The market sentiment is cautiously optimistic, driven by falling interest rates and the start of the Q3 earnings season, which generally supports risk assets like Bitcoin. However, ongoing regulatory concerns, exemplified by the SBF trial and geopolitical tensions surrounding crypto mining operations, introduce elements of uncertainty. The SEC's decision not to appeal the Grayscale ruling remains a significant long-term bullish catalyst, but near-term price action will likely be influenced by macro data and corporate earnings.

Market Probabilities: 
Bull 45% | Base 40% | Bear 15%

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