News: Bitcoin and the broader cryptocurrency market are experiencing a significant downturn today, mirroring a global market sell-off. Key factors contributing to the bearish sentiment include macroeconomic concerns, a prominent economist's harsh criticism of Bitcoin in a Senate hearing, and operational issues at major exchanges like Bitfinex suspending fiat deposits. Technical analysis also points to further downside potential, with Bitcoin approaching critical support levels. The market appears desperate for positive regulatory news, such as ETF approvals, to reverse the trend.

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

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "high", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The widespread sell-off across crypto and traditional markets indicates a strong bearish sentiment a"}