News: Bitcoin is showing strong bullish momentum, reaching ten-month highs and breaking through key resistance levels, with significant buying pressure from Chinese investors amid trade war concerns. The closure of large short positions on Bitfinex further bolsters this positive sentiment. Altcoins like Litecoin and Ethereum are also experiencing rallies, partly due to capital rotation from Bitcoin. However, disappointing US retail sales data could introduce some macroeconomic headwinds for the dollar, potentially benefiting Bitcoin as a hedge. The ongoing development of the Lightning Network is also cited as a key driver for Bitcoin's resurgence.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.725, "key_reason": "The anticipated launch of Bakkt's regulated bitcoin futures is a major catalyst for institutional ad"}