News: Bitcoin experienced a significant rally, breaking above $7,000 and approaching $8,000, driven by strong momentum and increasing institutional interest, as indicated by Bakkt's upcoming futures testing and rising GBTC demand. However, the parabolic price action also raises concerns about short-term sustainability and potential pullbacks. Escalating US-China trade tensions are boosting safe-haven assets like gold, creating a mixed macro environment.

Market Probabilities: 
Bull 55% | Base 30% | Bear 15%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.575, "key_reason": "The upcoming testing of Bakkt's regulated bitcoin futures is a significant step towards institutiona"}