News: Bitcoin experienced a significant sell-off, dropping below $30,000 and erasing all 2021 gains, driven by China's intensified crackdown on crypto mining and trading, coupled with broader market concerns about inflation and potential Fed policy shifts. Technical indicators like the 'death cross' are flashing bearish signals, and institutional interest via futures open interest is waning. While some miners are relocating operations, the overall sentiment is heavily bearish in the short term, with critical support levels being tested.

Market Probabilities: 
Bull 15% | Base 35% | 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": "Bitcoin's breach of the $30,000 level and the erasure of 2021 gains signal a severe short-term beari"}