News: Bitcoin experienced a bearish day on July 2nd, dropping significantly and breaking key support levels, suggesting immediate downward pressure. This comes as Bitcoin's correlation with the S&P 500 hits record highs, making it more sensitive to traditional market sentiment. However, long-term bullish signals persist, including the growing institutionalization of Bitcoin through derivatives markets and the potential for major integrations like PayPal. The increasing use of wrapped Bitcoin on Ethereum also points to growing DeFi adoption.

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

Recommendations: 
Short-term: SELL
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "Bitcoin's strong performance during a period of economic uncertainty and quantitative easing suggest"}