News: Bitcoin experienced a notable downturn, falling below the $26,000 support level following hawkish remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium. This sentiment has also impacted other cryptocurrencies, with Solana reversing earlier gains. While some institutional analysis suggests limited near-term downside, the immediate focus remains on Powell's commentary regarding future interest rate hikes, which is creating a bearish short-term outlook. Long-term prospects are still influenced by potential ETF approvals and institutional adoption.

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

Recommendations: 
Short-term: SELL
Long-term: BUY
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