Is Bitcoin about to enter a bear market again? From the current market structure, the four-hour chart has formed a descending flag consolidation pattern, with price trading along the lower Bollinger Band. The MACD death cross remains open with no convergence visible. After breaking below the 70,000 level, we're seeing a collapse of long positions with bears in control. Support vacuum zones have opened below, and on-chain data shows exchange inflows surged over the past 24 hours, with multiple holders dumping concentrated positions, which undoubtedly intensifies market panic. Therefore, our view remains bearish.

Thursday Evening Disk Trading Suggestions:

Bitcoin: On rebounds to 70500-71000, continue shorting with a target of 68000. If broken, continue watching 66000!

Ethereum: On rebounds to 2180-2210, continue shorting with a target of 2080. For swing trades, watch 1860!