That's right, I am setting myself up for a long BTC

Why I am going long here?

-The sellers are exhausted (they could always open new shorts here and push prices down)
they could dip the price using shorts but the rebound could be insane if they did that, so buying the IO when its closing could be great idea.
-This is a multiyear support, The price has struggled in both direction going up or down at some point in the past for many years now.
- Some institutions are capitulating hard but someone is absorbing those sells, that's a very good sign.


My targets are 75-78k, 82k, and 90k