News: Bitcoin is showing strong upward momentum, trading above $65,000, driven by positive macroeconomic news from China's stimulus package and anticipation of Fed rate cuts. Continued strong inflows into spot Bitcoin ETFs and institutional interest from BNY Mellon entering the custody space further bolster a bullish short-term outlook. However, an upcoming $8 billion options expiry introduces potential volatility, and analysts are debating the impact of the US election cycle. The correlation with Nvidia's performance also remains a key factor to watch.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
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