News: Bitcoin is experiencing significant short-term volatility, testing key support levels around $7,000-$8,000 after a recent price decline. Regulatory concerns, particularly from Asia, and broader market sentiment are contributing to bearish pressure. The ban on crypto ads by major platforms like Google and Facebook further restricts marketing and speculative interest. Meanwhile, the launch of blockchain ETFs offers an indirect route for institutional investment, signaling a maturing market despite regulatory hurdles. Increased operational costs for miners in New York add to the bearish sentiment.

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

Recommendations: 
Short-term: HOLD
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "sideways", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The significant price drop below $7,000, driven by regulatory actions and financial institution rest"}