News: Bitcoin experienced a notable pullback on Friday, falling below $61,000 after a sharp decline on Thursday, indicating short-term bearish pressure. However, the longer-term outlook remains bullish, supported by the confirmation of lengthening Bitcoin cycles and the significant institutional interest driven by the upcoming U.S. Bitcoin futures ETFs. The approval of these ETFs by the SEC and endorsements from major investors like Cathie Wood are key catalysts for sustained growth. Geopolitical and macroeconomic factors, such as potential stock market downturns due to stimulus policies, introduce some short-term risk.

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

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.625, "key_reason": "Coinbase's successful debt offering, exceeding its initial target, demonstrates strong institutional"}