News: Bitcoin has broken below the critical $30,000 support level, driven by fears surrounding the Delta variant and a broader market flight to safety. This has led to a significant sell-off across the crypto market, with other major cryptocurrencies also experiencing substantial declines. Regulatory actions against crypto lending platforms like BlockFi in New Jersey add to the short-term bearish sentiment. Despite some infrastructure developments like new mining repair centers, the dominant narrative is one of risk aversion and potential further downside.

Market Probabilities: 
Bull 20% | Base 30% | 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": "Bitcoin breaking below $30,000 amid broader market fears about the Delta variant is a strong bearish"}