News: Bitcoin and Ethereum showed strong upward momentum, breaking key resistance levels and nearing multi-month highs. Positive developments regarding the U.S. infrastructure bill's crypto tax provisions provided a significant bullish catalyst, easing regulatory concerns. The performance of blockchain-linked stocks also mirrored this positive sentiment. However, Bitcoin faces technical resistance at the 200-day SMA, and ongoing regulatory scrutiny, as seen with the Poloniex settlement and the failed amendment to the tax provision, remain key risks.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.6499999999999999, "key_reason": "The relocation of Chinese miners is a major event impacting Bitcoin's network hashrate distribution."}