News: The crypto market is experiencing extreme volatility, mirroring the broader financial markets' sharp decline due to the COVID-19 pandemic. Bitcoin has seen dramatic price swings, briefly falling below $4,000 before a significant rebound, coinciding with equity market recoveries. Reports of platform outages like Bitmex and widespread margin calls in the crypto lending space highlight severe liquidity issues. Despite the short-term bearish pressure from macro factors, there are signs of a potential short-term bounce driven by market stabilization and stimulus hopes.

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

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The sharp drop below $4,000 and the reported Bitmex outage indicate extreme volatility and potential"}