News: The crypto market is experiencing a significant downturn today, with Bitcoin hitting a new yearly low below $5,600 and the total market cap dropping below $200 billion. This broad sell-off is attributed to a combination of factors including the impending Bitcoin Cash hard fork, which is creating uncertainty and volatility, and a general risk-off sentiment in global markets. Despite some positive long-term signals like institutional interest and regulatory developments, the immediate outlook remains bearish due to the prevailing selling pressure and technical breakdowns.

Market Probabilities: 
Bull 15% | Base 35% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The massive sell-off and Bitcoin hitting a new yearly low are strong indicators of immediate bearish"}