News: Bitcoin experienced a notable retreat below $9,000, reversing some of April's gains, with no clear catalyst. This price action, coupled with ongoing regulatory discussions and skepticism from traditional finance figures, suggests a cautious short-term outlook. Meanwhile, institutional interest in crypto is growing with new investment products, offering a potential long-term bullish signal, but immediate price action is dominated by bearish technicals and profit-taking.

Market Probabilities: 
Bull 35% | Base 40% | Bear 25%

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 new investment products by a reputable firm like Grayscale can attract institutional c"}