News: The market shows mixed signals. Long-term, institutional adoption continues with CME launching Bitcoin options and Polychain Capital raising a new fund, signaling sustained interest. Regulatory clarity in the UK is also seen as a bullish long-term driver. However, short-term, Bitcoin has dipped below key support levels, indicating bearish sentiment and potential for further declines in the immediate days. The impact of the coronavirus on Chinese crypto firms adds a layer of uncertainty to development timelines.

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

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