News: Bitcoin is currently trading below $3,400, facing technical resistance and showing bearish short-term price action. This is compounded by negative sentiment from exchange layoffs and broader risk-off market conditions. However, positive long-term signals are emerging from institutional interest, with JPMorgan strategists suggesting renewed Wall Street attention and Fidelity reportedly planning a Bitcoin custody service launch. Regulatory developments in Japan also point towards a more structured market.

Market Probabilities: 
Bull 40% | Base 40% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "Bitcoin breaking below a key support level like $3,400 suggests immediate selling pressure and a pot"}