News: The market sentiment appears cautiously optimistic, with Bitcoin showing resilience above the $29,000 level, partly supported by positive corporate earnings in the US and ongoing traditional finance instability. The potential for a US debt default is a significant macro risk that could drive further inflows into Bitcoin. Developments in the Lightning Network aim to improve Bitcoin's utility, while new token launches may create short-term speculative interest. However, ongoing legal challenges, like FTX's suit against Grayscale, introduce some uncertainty.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6000000000000001, "key_reason": "The strong Q1 performance, especially during a period of traditional banking instability, signals in"}