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$RIVER this wave of market movement is indeed quite fierce. The 4-hour chart shows a vertical surge, with RSI soaring directly to 96.6, entering the extreme overbought zone. Many people see this number and think a top is imminent, but that's not necessarily the case.
Looking at the data on the platform for long and short positions, the ratio has dropped to 1.25. What does this mean—most retail traders across the network are basically operating in reverse, aggressively shorting to try to top out. Meanwhile, the major players are using these short positions as fuel to trigger a violent short squeeze.
In this situation, technical indicators aren't very useful; it's mainly about market sentiment and capital game theory. As long as a pullback occurs, it presents an opportunity for those wanting to get in. Don't overthink it—just follow the market sentiment.