News: Bitcoin and the broader crypto market are experiencing a significant downturn, driven by global risk-off sentiment, inflation concerns, and anticipated Federal Reserve rate hikes. Major equity markets are also falling, with Bitcoin hitting a six-week low. Despite some short-term volatility and minor recoveries, the prevailing macro environment suggests continued bearish pressure in the immediate term. However, positive regulatory developments and institutional interest in alternative smart contract platforms offer long-term bullish signals.

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

Recommendations: 
Short-term: SELL
Long-term: BUY
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