News: Bitcoin experienced a significant downturn, plunging to yearly lows and wiping out substantial market value. This broad sell-off, attributed to leveraged selling and a collapse in payment usage, indicates strong bearish sentiment. While some analysts maintain long-term bullish predictions, the immediate outlook remains heavily skewed towards further downside, with key support levels being tested. Regulatory discussions and institutional interest continue, but are overshadowed by the current market panic.

Market Probabilities: 
Bull 15% | Base 35% | 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": "A sharp 9% drop in a single day signals strong selling pressure and a potential continuation of the "}