News: Bitcoin experienced a significant downturn today, dropping over 10% and falling back below the $11,000 mark, with Ethereum also seeing substantial losses. This decline is largely attributed to news of potential tax regulations in South Korea, adding to existing bearish sentiment. On the positive side, major exchanges like Coinbase reported strong revenue growth, indicating continued user engagement and market infrastructure strength. The broader market sentiment remains cautious due to regulatory uncertainties and price volatility.

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

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "neutral", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The price surge above $13,000, fueled by the anticipation and launch of regulated futures contracts,"}