News: Global financial markets are experiencing extreme panic and sell-offs due to the escalating coronavirus pandemic and ineffective policy responses. Major stock indices are hitting record lows, and Bitcoin has seen a dramatic crash, falling below $6,000, failing to act as a safe haven. This broad risk-off sentiment is driving significant liquidity drain across all asset classes, including cryptocurrencies.

Market Probabilities: 
Bull 10% | Base 20% | Bear 70%

Recommendations: 
Short-term: SELL
Long-term: HOLD
{"sentiment": "bearish", "price_direction": "down", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.7749999999999999, "key_reason": "The immediate 11% drop in Bitcoin, coupled with a significant weekly loss, indicates strong downward"}