News: The crypto market is experiencing continued downward pressure, with Bitcoin hitting new yearly lows around $3,200. Weak economic data from China is impacting global markets, contributing to a risk-off sentiment. Concerns about wash trading in Bitcoin volumes are also surfacing, potentially affecting market sentiment and liquidity. However, positive long-term signals include progress on regulatory clarity in Bahrain and Germany's stock exchange planning a crypto trading platform, alongside growing job demand in blockchain development.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The launch of regulated Bitcoin futures by Nasdaq is a significant development for institutional ado"}