News: Bitcoin experienced a significant downturn on May 28th, sliding over 7% and breaking key support levels, indicating strong bearish sentiment. This follows a period of heavy losses in May attributed to regulatory pressures. While some long-term bullish indicators remain, such as institutional adoption news from Wells Fargo and JPMorgan, and the continued narrative of Bitcoin as 'digital gold', the immediate short-term outlook is clouded by regulatory concerns (Biden's tax crackdown) and ongoing environmental impact discussions. The listing of VanEck's crypto ETPs in Europe offers a positive short-term catalyst for accessibility, but the prevailing price action suggests continued caution.

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

Recommendations: 
Short-term: SELL
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "A significant daily price drop with multiple support levels breached indicates strong selling pressu"}