News: Bitcoin experienced a volatile day, breaking above $34,000, driven by strong institutional buying and positive regulatory news from the OCC allowing banks to use public blockchains. JPMorgan's bullish long-term price target of $146K further fueled sentiment. However, concerns remain around the US Treasury's proposed wallet rules, which saw significant opposition. Ethereum also showed strength, outperforming Bitcoin, indicating potential altcoin interest. Record trading volumes suggest high market participation.

Market Probabilities: 
Bull 60% | Base 30% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6499999999999999, "key_reason": "Endorsement from a highly respected macro investor like Paul Tudor Jones, who views Bitcoin as under"}