News: Bitcoin is showing signs of recovery, briefly touching $70,000, with analysts suggesting selling pressure is easing. Positive developments include significant Ether withdrawals from exchanges, hinting at a potential supply squeeze, and the launch of Australia's first spot Bitcoin ETF. However, a major hack on DMM Bitcoin exchange and a downturn in NFT sales introduce some caution. Meanwhile, increased crypto lobbying efforts by Coinbase and others aim for a more favorable regulatory landscape.

Market Probabilities: 
Bull 60% | Base 30% | Bear 10%

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