In the current market, the number of investors choosing to take on high-leverage short positions is significantly larger, does this suggest that prices will continue to rise? There is indeed a possibility of that.
In other words, there may be the commonly mentioned 'rebound' phenomenon, where market prices experience a wave of upward movement.
Especially when there are many short positions, prices often have the potential for a rebound, which in turn forces shorts to close their positions.