News: Bitcoin experienced a notable pullback on Thursday, sliding 2.73% to $7,817.5 and breaking key support levels, indicating continued bearish momentum in the short term. This follows a period of increased volatility and a rejection at the $8,400 resistance. Geopolitical tensions are easing, reducing Bitcoin's safe-haven appeal. Meanwhile, regulatory developments like Illinois recognizing smart contracts are positive long-term, and institutional interest remains strong, as evidenced by Fidelity's plans and State Street's client survey. However, ongoing legal challenges against Tether and Bitfinex introduce short-term uncertainty.

Market Probabilities: 
Bull 35% | Base 40% | Bear 25%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "Fidelity's move to integrate with crypto exchanges signals significant institutional capital enterin"}