News: Bitcoin has surged past $40,000 and is approaching $42,000, reaching 18-month highs. This rally is primarily driven by strong expectations of imminent spot Bitcoin ETF approvals by the SEC and dovish signals from the Federal Reserve regarding potential interest rate cuts. Despite a slight pullback in broader stock markets today, the positive sentiment surrounding Bitcoin remains robust, supported by consistent inflows into digital asset investment products and increasing institutional interest. Upcoming labor market data will be a key factor to watch for further direction.

Market Probabilities: 
Bull 70% | Base 20% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.75, "key_reason": "The immediate catalyst is the approaching SEC decision window for spot Bitcoin ETFs. This news is dr"}