News: Bitcoin experienced a mixed day, showing bearish signs with a 1.68% drop on May 29th, but also exhibiting potential bullish correlation with precious metals. The market is closely watching the upcoming Bitcoin halving, which historically boosts prices, and increased options trading volume suggests growing speculative interest. However, broader macroeconomic pressures, like the oil price crash, are exerting downward pressure. The integration of Bitcoin into DeFi protocols and institutional interest from firms like Renaissance Technologies provide long-term bullish underpinnings, while short-term price action remains sensitive to market sentiment and technical levels.

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": 0.525, "key_reason": "The Bitcoin halving is a fundamental supply-side event that has historically preceded significant pr"}