News: Bitcoin continues to show resilience, trading above $28,000, driven by ongoing banking sector instability and a narrative of it being a safe-haven asset. Positive developments in the broader crypto market, such as institutional interest in custody services (Nasdaq) and strong performance of Ether ahead of its network upgrade, contribute to a generally bullish sentiment. However, regulatory headwinds, exemplified by the CFTC lawsuit against Binance, pose a significant short-term risk, potentially impacting liquidity and market confidence. The influence of prominent figures like Elon Musk on meme coins also adds a layer of speculative volatility.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.575, "key_reason": "Bitcoin's strong Q1 performance, outperforming traditional assets, signals growing institutional int"}