News: Bitcoin experienced a significant downturn on June 5th and 6th, falling below key support levels amidst renewed regulatory concerns from China (Weibo suspensions) and ongoing discussions about Elon Musk's market influence. However, positive developments like El Salvador's potential adoption of Bitcoin as legal tender and Square's investment in green mining offer potential bullish counter-narratives. Institutional interest remains a mixed bag, with reports of significant profits from firms like Ruffer contrasting with reminders of slow adoption from surveys.

Market Probabilities: 
Bull 40% | Base 40% | Bear 20%

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