News: Bitcoin is trading cautiously below $70,000 as the market awaits key U.S. inflation data (PCE). Short-term momentum indicators have turned bearish, with support identified around $65,000. Major exchanges are seeing increased activity, with DMM Bitcoin reporting a significant $305 million hack, which is likely to dampen sentiment. Long-term, institutional adoption continues to be a strong theme, with positive developments in Hong Kong ETF approvals and potential moves by major banks like Morgan Stanley to facilitate Bitcoin ETF investments. Mining companies are also showing activity with new hardware purchases and financing rounds.

Market Probabilities: 
Bull 40% | Base 45% | Bear 15%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.575, "key_reason": "The approval of spot Bitcoin and Ether ETFs in Hong Kong signifies a major step towards broader inst"}