$RIVER sharply rejected from 12.9 high and now trending lower with consistent lower highs on the 1H. Bounce from 8.61 failed to reclaim strength, showing sellers still in control.

Below 9.30 keeps pressure toward 8.60 and potentially 8.20. Only a reclaim of 9.80 shifts short-term bias neutral. Bias: bearish while below 9.80 supply.