Analysts say bitcoin may face short-term downside risk

On February 18, analyst Yashu Gola stated that both technical and on-chain data point to short-term downside risks for bitcoin. The bitcoin daily chart shows a "bear flag" pattern; if it breaks below the lower boundary of the flag, it could drop to $56,000 within February, about 20% lower than the current level. If it breaks above the upper boundary at $72,700, it may invalidate the bearish structure. On-chain data shows that the bitcoin "whale inflow ratio" (7-day average) has risen to a historical high of 0.619, which may indicate increased selling pressure from whales. Meanwhile, the Greed and Fear Index is releasing a potential "bottoming signal," and the possibility of a rebound is accumulating.