News: The start of 2023 presents a mixed outlook for Bitcoin. Long-term, the market is grappling with the fallout from the FTX collapse and ongoing macroeconomic pressures, including interest rate hikes, which continue to weigh on risk assets. However, signs of investor accumulation during the bear market and a potential shift in the Fed's tightening pace offer some optimism. Short-term, sentiment remains fragile, with key economic data and Fed commentary being critical drivers. The struggles of Bitcoin miners also add a layer of concern for the network's infrastructure.

Market Probabilities: 
Bull 35% | Base 40% | Bear 25%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The FTX collapse created a significant negative sentiment shock, impacting crypto-related equities. "}