#BTCOutlook Bitcoin Alert: Potential Selling Zone
*Zone:* 97,790 - 98,000
*Action:* Stay alert for signs of selling. Consider entering a long sell position if confirmed.
*Target:* 90,000 area
*Rationale:* ***[ Bitcoin Technical Analysis
_Key Observation:_ The market has broken the last lower high, indicating a potential trend reversal.
_Current Movement:_ The price is now moving towards a retest of the broken level.
_Expected Outcome:_ After the retest, the price is likely to continue its downward trajectory, targeting the 90,000 area.
_Rationale:_ The breakdown of the lower high suggests a weakening of bullish momentum, increasing the likelihood of a further decline. ]***
Remember to:
1. Set stop-loss levels to manage risk.
2. Monitor market conditions and adjust your strategy accordingly.
3. Consider multiple sources before making investment decisions.