BTC/USD: Fading the Dip for a Swing Long – Current Bearish Trend Overdone?

Market Sentiment and My Contrarian View

Currently, BTC/USD sits at 70343, having shed nearly 1% over the last 24 hours, now trading at -0.99%. The day's range has seen prices fluctuate from 68936.14 up to 71749.86, with the prevailing sentiment clearly bearish. Most participants are fixated on the downside, pointing to the inability to sustain moves above 71749.86. However, this is precisely where my interest is piqued