News: Bitcoin experienced a slight dip after the Taproot upgrade activation, suggesting the market may have already priced it in or is being influenced by other factors. The SEC's continued rejection of spot Bitcoin ETFs, while approving futures-based ones like VanEck's upcoming XBTF, highlights regulatory nuances impacting institutional access. Despite the short-term price consolidation, the long-term outlook remains positive due to increasing institutional adoption and the potential of protocol upgrades like Taproot.

Market Probabilities: 
Bull 45% | Base 40% | Bear 15%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "The successful activation of the Taproot upgrade, combined with Bitcoin's strong Q4 performance, cre"}