News: Bitcoin has surged past $71,000, driven by record inflows into spot Bitcoin ETFs, particularly from Fidelity. This strong institutional demand, coupled with positive sentiment around potential Fed rate cuts and a rally in Bitcoin-based memecoins, paints a bullish short-term picture. However, miners are feeling the post-halving pressure, and while technological advancements like StarkWare's scaling plan are promising, their immediate impact is limited. Options markets are signaling anticipation of further upside, with potential for short liquidations.

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": 0.725, "key_reason": "The substantial inflows into spot Bitcoin ETFs represent significant new capital entering the market"}