News: Bitcoin is showing signs of consolidation, struggling to break above the $60,000 resistance level, with some bearish sentiment emerging as it dips below $58,000. Meanwhile, institutional interest remains evident with companies like Phunware and HIVE acquiring more Bitcoin. Macroeconomic factors, such as Powell's renomination as Fed Chair, introduce uncertainty regarding future monetary policy and its impact on risk assets. The broader market sentiment is mixed, with tech stocks facing pressure from rising yields, while positive developments in crypto infrastructure funding and adoption continue.

Market Probabilities: 
Bull 45% | Base 35% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "The breaking of previous all-time highs for both Bitcoin and Ether signals significant market streng"}