News: The crypto market is experiencing significant downward pressure, with Bitcoin hitting new yearly lows and major altcoins following suit. The ongoing Bitcoin Cash hard fork and its associated blockchain reorganizations are creating instability and negative sentiment. Regulatory actions in Italy and Colorado against unauthorized crypto firms further contribute to a cautious market environment. While there are some positive developments like stablecoin integrations, the overwhelming short-term trend is bearish, driven by market-wide sell-offs and internal crypto-specific issues.

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

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.575, "key_reason": "The sharp decline and breach of yearly lows indicate strong selling pressure and a loss of confidenc"}