News: Bitcoin is showing strong upward momentum, breaking above $8,300 to a two-month high, largely driven by anticipation of a US Bitcoin ETF approval. This positive sentiment is supported by institutional interest, with news of Novogratz leading investment in a crypto-lending startup and the first EFP transaction for Bitcoin futures. However, technical indicators suggest Bitcoin may be overbought in the short term. Regulatory news from China regarding mining shutdowns presents a minor bearish counterpoint, while Coinbase's cleared insider trading investigation offers a neutral-to-positive signal.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
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