BTC/USD: Looking for a swing long despite the immediate dip – am I crazy or is this a classic setup?

Current Vibe Check on BTC/USD

Okay, so looking at BTC right now, it's definitely feeling a bit heavy. We're sitting around 71001, which is down almost 1% in the last 24 hours. The overall trend is bearish short-term, and it's been bouncing within that 69580.98 to 72421.02 day range. We've got some immediate resistance chilling around 71050-71100 and immediate support at 70950-70900. Clearly, the bulls aren't having the best day.

Why I'm Eyeing a Swing Long Here

Despite the red candles, I'm actually looking for a swing long setup on this one. For me, the current dip is just a retrace within a larger structure. Technically, I'm watching for a retest around the 70319 area, which aligns nicely with some previous demand zones for me. This is where I'd look to enter. From a fundamental perspective, I still believe in the long-term bullish narrative for Bitcoin; institutional interest