News: The crypto market experienced a significant downturn today, with Bitcoin plunging over 8% and falling below $22,000, its steepest decline in two months. This sell-off is largely attributed to hawkish commentary from Federal Reserve officials regarding continued interest rate hikes to combat inflation, as well as disappointing economic data from Germany. Major altcoins like Ether also saw substantial drops, reflecting a broad risk-off sentiment. While some memecoins saw short-term gains due to new platform developments, the overall market trend remains bearish, with institutional developments like CME offering Ether options providing a glimmer of long-term bullish potential amidst the short-term volatility.

Market Probabilities: 
Bull 20% | Base 40% | Bear 40%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.55, "key_reason": "The broad crypto market pullback, driven by macroeconomic concerns and a risk-off sentiment, points "}