The weekend performance of Bitcoin finally allowed many to breathe a sigh of relief. After surging to $89,000 on Friday, this time it didn't "spike high and then fall back" as usual, but instead steadily held above the $88,000 support level. Even more interesting, this rebound triggered a rally across global risk assets, with leading AI stocks in the US stock market also rebounding strongly, and the overall market sentiment noticeably improving.

The news of Japan's interest rate hike finally materialized, and the previous panic atmosphere eased significantly. But the question remains—does this mean a new bull market is about to restart? I’ve reviewed various signals from the recent market, and found that many investors have overlooked some key details.

From a technical perspective, Bitcoin is currently stuck at the final position of a converging triangle pattern, oscillating within the $88,000 to $90,000 range. What’s different this time is that during the correction, trading volume has been shrinking. What does this indicate? Selling pressure is weakening, and market sell-offs are less aggressive.

Another detail worth noting: although Bitcoin’s price is still hovering below the 50-day moving average, the RSI indicator has rebounded from the oversold zone to a neutral level. This is like the market taking a "breath," preparing for the next directional move. Ethereum is also holding strong at the $3,000 psychological level, and the ETH/BTC ratio has rebounded above 0.034. What does this signal usually mean? The altcoin season may be approaching, and some funds have already started quietly positioning.