News: The market is showing mixed signals. On the long-term front, the launch of Bitcoin futures by Cboe and CME, alongside Goldman Sachs classifying Bitcoin as a commodity, points to increasing institutional adoption and legitimacy. However, regulatory actions, such as South Korea's proposed curbs and Merrill Lynch's ban on crypto-related products, introduce short-term headwinds and uncertainty. The strength of alternative cryptocurrencies like XRP and Ethereum is also drawing attention away from Bitcoin.

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

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The launch of regulated bitcoin futures by major exchanges like Cboe and CME provided a significant "}