News: Bitcoin experienced downward pressure today, primarily driven by Federal Reserve Chair Jerome Powell's hawkish testimony signaling potential for increased interest rate hikes due to persistent inflation. This led to a risk-off sentiment, impacting Bitcoin and other risk assets, with Bitcoin slipping to a three-week low. Regulatory discussions around Ether and stablecoins being classified as commodities added to short-term uncertainty. However, positive developments like Grayscale's legal arguments for a spot ETF and Marathon Digital's debt reduction provided some underlying bullish sentiment.

Market Probabilities: 
Bull 35% | Base 45% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "Powell's hawkish comments directly signal tighter monetary policy, which is a strong bearish catalys"}