News: Bitcoin is facing downward pressure, trading defensively and showing signs of a potential drop to $7,000 due to crumbling bull support and a 16% decline over three days. Bearish inflation data from the UK and news of a US probe into crypto price-fixing are contributing to a risk-off sentiment. However, some analysts like Fundstrat's Thomas Lee remain bullish, seeing Bitcoin as 'underappreciated,' which might offer a slight counter-narrative. Regulatory developments in Zimbabwe, where a court lifted a ban on crypto exchanges, provide a minor positive signal for adoption in emerging markets.

Market Probabilities: 
Bull 35% | Base 40% | Bear 25%

Recommendations: 
Short-term: SELL
Long-term: BUY
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