2022 USDC Dominance history has repeated... The green circled retest has been successful, enabling upside and thus Macro Risk-Off behaviour from investors since May, negatively impacting BTC's price since then After all, Bitcoin's price was at ~$74000 in May and most recently price dropped into $58000 More, USDC Dominance has Monthly Closed above its Macro Downtrend (red), on the cusp of confirming a new Macro Uptrend To fully confirm the breakout, USDC Dominance will be dipping into the Downtrend as part of a post-breakout retest During this period of downside, Bitcoin's price will likely enjoy a relief rally (green July) However once the USDC Dominance post-breakout retest of the Macro Downtrend is complete, upside for USDC Dom will once again emerge and Bitcoin's price will drop in response #BTC BTC #USDC #Bitcoin(Rekt Capital)