News: The crypto market remains under significant downward pressure, with Bitcoin's price continuing to fall and technical indicators suggesting further downside potential. The mining industry is experiencing considerable stress, leading to hash rate drops, while negative sentiment from institutional figures like the Allianz CEO adds to bearish pressures. However, Bitcoin's dominance is increasing as investors retreat from altcoins, and oversold conditions on longer-term charts hint at a potential short-term bounce. Regulatory uncertainty and scam activity continue to be key concerns.

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

Recommendations: 
Short-term: HOLD
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "sideways", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "A significant reduction in mining power due to unprofitability suggests increased selling pressure f"}