Bitcoin is facing short-term downside risks as technical indicators and on-chain data suggest potential declines. Analyst Yashu Gola highlights a "bear flag" pattern on Bitcoin's daily chart, which began with a sharp drop to $60,000, forming the "flagpole," followed by consolidation. A break below the pattern's lower boundary could see Bitcoin fall to $56,000 within two months, a 20% drop from current levels. Conversely, a breakout above $72,700 could negate this bearish outlook. On-chain data from CryptoQuant reveals a record high "Whale Inflow Ratio" of 0.619, indicating increased selling pressure from large holders. Additionally, the Greed & Fear Index suggests a potential "bottoming pattern," with the 21-day moving average crossing below zero and turning upward, hinting at a possible rebound despite short-term risks.