News: The crypto market experienced a significant downturn today, with Bitcoin tumbling over 10% and falling below the $3.8K mark. This decline was accompanied by a drop in bullish bets and a negative reaction to dovish Fed minutes, suggesting profit-taking and a flight to traditional assets. Key support levels are being tested, and short-term sentiment is decidedly bearish. However, long-term adoption indicators remain, with NYC opening a blockchain center and a respected investor predicting potential gains.

Market Probabilities: 
Bull 20% | Base 30% | Bear 50%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "Growing merchant adoption is a fundamental driver for Bitcoin's long-term viability as a medium of e"}