RIVER's recent trend has shown some interesting patterns. After spiking to 15.4 initially, there was a clear correction, with this "high-level surge - rapid decline" daily chart pattern repeatedly playing out. From the funding rate perspective, the previously deeply negative state is rapidly recovering, indicating that the bearish pressure is indeed loosening. However, the price adjustment pressure has not eased—each rally is followed by a sharp decline, which has become a clear rhythm.

The open interest in contracts is still steadily increasing, which is a signal worth considering. Usually, an increase in open interest accompanied by price consolidation often suggests that bulls and bears are building momentum, and the next move could potentially develop into a larger directional trend. From the daily support levels, if the price cannot hold above the key level today, it is very likely to trigger a new round of decline later.

In this situation, blindly chasing longs is indeed very risky. Conversely, based on the previous high points to establish a short position might better align with the current market rhythm in terms of probability. Of course, the key is to closely monitor the break of technical support levels.