It's not a bull run, but a typical short squeeze with more room to go up.

The bulls are gradually rising with oscillations, slowly covering the short volume. US stocks and gold are both declining, yet BTC is rising against the trend, which is quite unusual and counterintuitive.

Overall, this is just a 4th wave dead cat bounce at the weekly level. The rebound high will likely stay below 80k. We've broken through 74.5k, and the next target to watch is 77k.