News: Bitcoin is trading with low volatility, hovering around $29,000, as the market awaits further developments on spot Bitcoin ETF applications. While the SEC has delayed decisions on some ETFs, analyst sentiment remains cautiously optimistic. Positive on-chain data, such as rising illiquid supply, suggests underlying demand, but macro concerns like Tesla's price cuts in China introduce a bearish undertone. The election of a pro-Bitcoin candidate in Argentina and positive financial results from Bitcoin Depot offer minor bullish signals.

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": 0.575, "key_reason": "The filing by BlackRock, a major institutional player, is a strong signal of growing acceptance and "}