News: Bitcoin experienced extreme volatility, hitting a new yearly low of $3,456 before a partial recovery to around $4,120. The broader crypto market also saw significant losses, with over $63 billion wiped out in a week. Despite the bearish sentiment, there are glimmers of potential recovery and long-term adoption signals, such as Ohio accepting Bitcoin for taxes and continued development of the Lightning Network. However, the overwhelming short-term trend remains bearish due to widespread selling pressure.

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

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The increasing capacity of the Lightning Network demonstrates ongoing development and adoption of cr"}