News: Bitcoin is experiencing a significant downturn, erasing most of its October gains and trading at $8,070, while the S&P 500 reaches new highs, indicating a divergence in market performance. This bearish trend is supported by continued negative slides across the broader crypto market, with over $30 billion lost in two weeks. Geopolitical tensions and upcoming FOMC minutes add to the uncertainty. However, positive developments like Singapore's move to regulate crypto derivatives and China's continued support for blockchain technology offer some long-term bullish signals.

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

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The influx of experienced finance professionals into crypto firms like Blockchain signals increasing"}