News: The market sentiment remains cautious, with Bitcoin hovering around $17,000 amidst ongoing inflation fears and the lingering effects of the FTX collapse. Macroeconomic data suggesting economic resilience is tempering expectations for a Fed pivot, while regulatory developments in the UK and FTC crackdowns add to the cautious outlook. Miner profitability is being squeezed, leading to a drop in mining difficulty, and institutional interest, though present, is focused on distressed assets. The short-term outlook is dominated by macroeconomic data and regulatory news, while longer-term institutional adoption remains a key theme.

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

Recommendations: 
Short-term: HOLD
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "sideways", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The FTX implosion represents a systemic risk event, leading to a significant loss of trust and capit"}