News: Bitcoin is showing signs of strength, breaking key resistance at $7.1K, which bolsters the short-term bullish case towards $8K, though lower trading volumes are a concern. Macroeconomic factors, including massive government stimulus and inflation fears, are driving interest in Bitcoin as a potential hedge, potentially increasing user adoption. However, negative financial news from major crypto firms like Galaxy Digital and Canaan's significant losses present bearish headwinds. The Bitcoin Cash halving resulted in a hashrate drop, a minor bearish indicator for the broader market. Institutional developments, such as the listing of a Bitcoin fund on the TSX and expansion of crypto trading in India, are positive long-term signals.

Market Probabilities: 
Bull 55% | Base 30% | Bear 15%

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