News: Bitcoin experienced a significant downturn, dropping below $56,000, its lowest point since early August, mirroring a broader sell-off in global equity markets driven by weak manufacturing data and concerns about economic slowdown. This risk-off sentiment is amplified by substantial outflows from Bitcoin ETFs and reports of record low mining profitability, which could lead to increased selling pressure. However, positive developments include major Swiss bank ZKB launching crypto trading for retail customers and strong trading volumes on CME Group, indicating continued institutional interest and accessibility. The dollar's weakening due to potential Fed rate cuts offers a counterbalancing bullish macro signal, but the immediate outlook remains bearish due to prevailing market fear.

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": 0.55, "key_reason": "Large daily outflows from spot Bitcoin ETFs indicate immediate selling pressure, which is likely to "}