News: Bitcoin experienced a significant downturn, falling below $7,000 for the first time since May, marking its second major crash in three days and wiping out substantial market cap. This indicates strong bearish sentiment and technical weakness, with a 'death cross' signal looming. While some altcoins like BCH also saw sharp declines, there's a slight indication of Bitcoin finding support at channel lows, suggesting a potential short-term bounce if key resistance levels are breached. However, the overall market remains under pressure, with XRP showing particular weakness.

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

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.55, "key_reason": "The significant drop in Bitcoin price and the breach of key technical levels suggest strong selling "}