News: The cryptocurrency market is experiencing a significant downturn, hitting new yearly lows, with Bitcoin showing relative strength due to increasing dominance. Regulatory news remains a key driver, with the SEC postponing ETF decisions and a judge classifying ICOs as securities, creating uncertainty. However, positive developments include the formation of a crypto lobbying group in DC and international expansion efforts by exchanges like Huobi. Ether shorts reaching record highs suggest a potential short squeeze.

Market Probabilities: 
Bull 35% | Base 40% | Bear 25%

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