News: Bitcoin experienced a sharp downturn today, breaking below the critical $9,000 support level and erasing significant February gains. This decline is amplified by a broader market sell-off in traditional equities driven by coronavirus fears, creating a strong risk-off sentiment. While some developments like Square's strong Bitcoin revenue and a dissenting SEC commissioner on an ETF proposal offer long-term bullish undertones, the immediate outlook is heavily bearish due to technical breakdowns and macro headwinds.

Market Probabilities: 
Bull 20% | Base 30% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The severe sell-off in traditional markets due to coronavirus fears creates a risk-off environment, "}