News: Bitcoin is trading near $61,000, showing resilience despite recent choppiness. Positive news includes MicroStrategy's continued Bitcoin accumulation and El Salvador's strategic 'buy the dip' purchase, signaling strong institutional and state-level demand. The successful debut of the ProShares Bitcoin ETF continues to be a tailwind for institutional adoption. However, the SEC's rejection of leveraged Bitcoin ETFs and the speculative surge in meme coins like Shiba Inu introduce elements of uncertainty and potential short-term volatility. Long-term holders remain firm, indicating strong underlying conviction.

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": 0.625, "key_reason": "China's comprehensive ban on crypto trading and mining creates a significant headwind for global ado"}