ORDI's recent market movement has been quite intense. Over the past 24 hours, it has surged more than 28%, breaking through the $5.44 mark, benefiting from the recent resurgence of the BRC20 ecosystem and optimistic market sentiment. Driven by strong buying pressure, many community members are quite optimistic about this token's future performance, with some even setting price targets between $7.00 and $8.50.

However, from a technical perspective, things are not that simple. The latest hourly data is a bit concerning—MACD has already started to weaken, short-term moving averages are continuing to decline, and the price has broken below the middle band of the Bollinger Bands. These signals together suggest that the upward trend may be reversing. More notably, the 4-hour RSI has soared to 75.18, indicating a heavily overbought condition.

The market's capital flow is even more worrying. Recent net outflows are significant, with clear signs of large-scale capital exiting. Coupled with the rapid increase in open interest, this indicates that leverage funds have entered during this rise—often a sign of potential pullback risk. The very low concentration score also reflects that buying pressure is gradually weakening.

Currently, there are two main voices in the community. Some believe in the long-term prospects of the BRC20 ecosystem and remain bullish; others are beginning to caution against the overbought condition and suggest being cautious about shorting opportunities in the near term. In plain terms, this level has the potential for further upward movement but also carries considerable risk of correction. The key will be whether the upcoming volume can continue to support the trend.