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

The bulls are slowly oscillating upward, gradually absorbing the short-term selling volume. While US stocks and gold are both falling, BTC is moving against the trend, which is quite abnormal and puzzling.

Overall, this is just a fourth-wave dead cat bounce on the weekly chart. The rebound high is most likely to be below 80,000. Having broken through 74,500, the next target to watch is 77,000.