News: Bitcoin showed a strong bullish trend on July 24th, rallying and breaking key resistance levels, indicating positive short-term momentum. On-chain analysis suggests accumulation by both large and small investors, reinforcing this bullish sentiment. Institutional interest remains a key driver, with news of Goldman Sachs settling crypto ETPs and ARK Invest's involvement in a Bitcoin ETF application signaling continued adoption. However, the SEC's cautious approach to ETF approvals and ongoing regulatory uncertainties, particularly from China, present potential headwinds. The market is also watching Robinhood's IPO for potential impacts on retail participation.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.625, "key_reason": "A highly respected institutional investor like Ray Dalio endorsing Bitcoin as a better bet than bond"}