News: The long-term outlook remains cautious, with significant headwinds from macroeconomic factors like inflation and potential recession fears, as evidenced by the record drops in global stock markets. Regulatory actions, such as the SEC's rejection of Grayscale's ETF and sanctions on Tornado Cash, continue to create uncertainty and potential headwinds for institutional adoption and privacy-focused projects. However, positive signs like miner accumulation and continued efforts for regulated Bitcoin products offer some bullish counterpoints. Short-term, the market is influenced by partnerships aimed at increasing Bitcoin payroll adoption and the general impact of social media sentiment on retail trading behavior, which can lead to minor volatility.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: HOLD
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "sideways", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The SEC's rejection of the Grayscale Bitcoin ETF application is a significant setback for institutio"}