BTC: RW Failures to Rally & Supply Predomination

BTC is not doing too well beneath the RW. Demand is low, supply predominates, and the PA seems to be seeking to mitigate the prior low of the secondary test in phase b. And this is all happening as the DXY continues to rally. I'm expecting at some point a retest of the low, at least to TR support. A deep shakeout can take us even lower before we see any macro reversals. Let's see how it all plays out.

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