News: The market is reacting to the de-escalation of US-Iran tensions, leading to a 'risk-on' sentiment in traditional markets, which is causing safe havens to retreat. However, cryptocurrencies, including Bitcoin, are also seeing losses, indicating a broader outflow from riskier assets. Technically, Bitcoin is showing a bearish engulfing candle and rejection from $8,400, suggesting short-term downside pressure. Despite this, the underlying bullish bias remains intact due to low selling volume and the anticipation of the upcoming Bitcoin halving.

Market Probabilities: 
Bull 40% | Base 40% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "President Xi's strong endorsement of blockchain technology positions China as a potential leader in "}