News: Bitcoin has shown resilience, breaking above key technical levels like the 50-day moving average and reaching one-month highs, driven by positive market sentiment and anticipation of Ethereum's 'Merge'. Tesla's significant sale of Bitcoin holdings introduced some selling pressure, but the market demonstrated an ability to absorb it, leading to a rebound. Regulatory developments, such as the EU's MiCA directive, continue to provide a framework for long-term institutional adoption, while macroeconomic factors like Fed rate hikes remain a significant bearish overhang.

Market Probabilities: 
Bull 55% | Base 35% | 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": "The prediction of a significant price decline for Polkadot suggests a broader bearish sentiment impa"}