News: The crypto market is experiencing significant downward pressure, with Bitcoin dropping to a three-month low below $19,000. This is driven by macroeconomic fears, particularly anticipation of a hawkish Federal Reserve meeting and rising real bond yields, which make safer assets more attractive. The fading hype from the Ethereum Merge and continued outflows from ETH products further contribute to the bearish sentiment. While there are some minor adoption-related news, they are overshadowed by the macro environment.

Market Probabilities: 
Bull 15% | Base 35% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The immediate price action shows significant downward pressure driven by anticipation of Fed rate hi"}