News: Bitcoin's price action is heavily influenced by anticipation surrounding potential spot ETF approvals, with BlackRock amending its application to include cash creations, a move seen as positive for institutional access. Meanwhile, the Federal Reserve's upcoming interest rate decision remains a key macro driver, with markets expecting rates to hold steady but closely watching forward guidance. Institutional sentiment appears strong, with Goldman Sachs expressing optimism about blockchain asset growth, and Coinbase expanding its international spot trading services. However, the potential impact of a Bitcoin Core upgrade on Ordinals and BRC-20 tokens introduces a layer of protocol-level uncertainty.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

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