News: The market sentiment remains cautious, with Bitcoin consolidating in a tight range around $31,500. Long-term, regulatory developments in Germany are a significant bullish catalyst for institutional adoption. However, ongoing regulatory scrutiny on major exchanges like Binance presents a bearish risk. Short-term, reports suggest a prolonged drawdown, with prices potentially staying around $30,000, while local government adoption initiatives offer minor bullish signals. Macroeconomic data on inflation is creating uncertainty.

Market Probabilities: 
Bull 35% | Base 45% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "A major financial institution like JPMorgan issuing a positive rating for Coinbase signals growing i"}