News: The crypto market is experiencing significant downward pressure today, driven by reports of China cracking down on crypto activities and Bitcoin breaching key technical support levels. Altcoins are also bleeding out, indicating broad market weakness. Technical indicators for major cryptocurrencies like Bitcoin and Litecoin are bearish, suggesting further declines are likely in the short term. Regulatory uncertainty from ongoing SEC cases also contributes to a cautious sentiment.

Market Probabilities: 
Bull 20% | Base 30% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "Reports of China tightening its grip on crypto activities, including potential exchange shutdowns, c"}