Bitcoin May Rally Signals: ETF Inflows vs Yields & Tech Levels

Bitcoin May rally is back in focus as BTC holds around $78.5k with a sideways trend and RSI(14) near 61.7. Seasonality data shows BTC has finished May higher 7 of the last 13 years, with an average gain of ~15%. Traders are also watching institutional support: US spot ETF net inflows totalled about $1.8B this month and $1.32B in March, helping buoy BTC futures. Technically, resistance is clustered near $79.4k (R1) and $80.6k (R2), while key support sits around $78.2k (S2) and $75.7k (S2). The 50-day moving average is preparing to cross above the 100-day average, a bullish momentum cue, but the article flags potential bear-market “false break” risk. Macro risks may cap upside short term. Rising US Treasury yields are pressuring risk assets, with the article noting a 30-year yield near 5%. Supertrend is described as bearish, and analysts warn that “higher for longer” and possible Iran-related energy/liquidity shocks in May could keep BTC range-bound. Overall, Bitcoin May rally looks supported by ETFs and history, but traders should respect nearby levels and macro-driven volatility.