$BTC Bitcoin is currently consolidating just below $78,000 after a strong 10% gain in April. While the price has pulled back from recent highs, several factors suggest the broader uptrend may still have room to run especially as we head into May. Historically, May has been a bullish month for Bitcoin, delivering positive returns in 7 out of the last 13 years. Combined with steady spot ETF inflows (over $1.8 billion this month), this seasonal tailwind supports the case for continued upside. However, macro risks are mounting. The U.S. 30-year Treasury yield has hit 5%, and rising inflation expectations from the Iran conflict are creating headwinds for risk assets. A potential Bank of Japan rate hike in June could also strengthen the yen and trigger unwinding of carry trades. Technically, a bullish crossover between the 50-day and 100-day moving averages is forming, which often signals strengthening momentum. That said, history shows this signal can fail in weak macro environments. #FedApril4Dissents