News: Bitcoin experienced a notable price drop of over 3.5% on Tuesday, falling to near $11,100 and triggering significant liquidations in the derivatives market. This deleveraging event, while causing short-term bearish sentiment, is viewed by some as a necessary cleansing of weak positions, potentially paving the way for a more sustainable rally. Macroeconomic factors, including an upcoming speech from Fed Chair Powell, are also creating uncertainty. Institutional interest remains a positive signal, with Fidelity filing for a new bitcoin-related fund.

Market Probabilities: 
Bull 40% | Base 40% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The significant price drop and breach of support levels on Tuesday indicate short-term bearish press"}