News: Bitcoin's price action remains a key focus, with the cryptocurrency hovering around the $35,000 mark, driven by strong optimism surrounding potential spot ETF approvals. This has led to significant gains in related equities like Coinbase and MicroStrategy. Short-term indicators point to potential volatility due to options expiries and a tightening supply of Bitcoin on exchanges, which could be amplified by ETF demand. Macroeconomic factors, including US GDP data and tech earnings, are creating mixed signals in traditional markets, adding a layer of uncertainty.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6499999999999999, "key_reason": "The concrete steps taken by BlackRock towards a spot Bitcoin ETF are a strong indicator of potential"}