Looking solely at the price trend, it can be seen that it is a one-sided upward trend. Let's take a look at the changes in trading volume and open interest during this wave of upward movement.
While the market is rising, both trading volume and open interest are decreasing simultaneously. This type of price increase belongs to the second pattern combination: price increase caused by short covering. If the bulls cannot actively enter the market in the future, then the market will lack the support of volume and will ultimately be dominated by a downward trend, so caution is needed when going long.