News: Bitcoin experienced a significant price drop, with over $200 million in long positions liquidated on BitMEX and a looming 'death cross' technical indicator suggesting further downside. This bearish sentiment is reflected in altcoins like Bitcoin Cash ABC, which saw a sharp decline. However, positive developments include Bakkt's upcoming launch of Bitcoin options and the expansion of fiat on-ramps by exchanges like Binance, which could support longer-term adoption. The Federal Reserve's increased liquidity operations add a layer of macro uncertainty.

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

Recommendations: 
Short-term: SELL
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.575, "key_reason": "The continued development and adoption of the Lightning Network are critical for Bitcoin's long-term"}