News: Bitcoin and the broader crypto market experienced a significant downturn today, primarily driven by China's intensified crackdown on cryptocurrency mining and trading. The People's Bank of China (PBOC) directed financial institutions to cease crypto-related services, leading to sharp price drops and substantial liquidations. Technical indicators like the 'death cross' also signal further bearish sentiment in the short term. Despite this, long-term institutional adoption signals, like JPMorgan's potential Bitcoin fund, and nation-state adoption possibilities (El Salvador) remain positive underlying factors.

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

Recommendations: 
Short-term: SELL
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.55, "key_reason": "El Salvador's potential adoption of Bitcoin as legal tender is a landmark event for cryptocurrency a"}