News: Bitcoin is trading around $8,891, showing slight gains but struggling to break key resistance levels, indicating consolidation. Geopolitical tensions continue to provide a bullish tailwind, while regulatory discussions and legal challenges against major exchanges like BitMEX and Bitfinex/Tether present significant long-term headwinds. The upcoming halving event remains a key factor for miner economics and network security.

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

Recommendations: 
Short-term: HOLD
Long-term: HOLD
{"sentiment": "bullish", "price_direction": "sideways", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "The introduction of new legislation, especially in the US, can create significant uncertainty or pro"}