IIRC the infection numbers for the past week have been setting new records so not sure how the curve is a pancake.
You have to look at the rate of hospitalizations, not just the raw number of positive test results. More positive patients does NOT necessarily equate to the number of hospitalizations. You're picking a higher number of "CASES", but ignoring how many of that number were hospitalized.
We are testing more and more people every day. That by its very nature will find more people with the disease that otherwise may not have been identified without testing.
Don't just look at a graph over time, and don't be lured into the false premise that deaths are all that matters. The proportion of positive patients being hospitalized vs those who are not is also important. Deaths will always go up over time, as the number of deaths is cumulative. I've not heard of any of the dead coming back to life -- at least not recently. Look for week-by-week or month by month death numbers if you're interested. Compare last week with the AVERAGE of the previous 4 weeks to see if there's a trend. I bet it's flat.
If the number of cases is rising, but the number being hospitalized and dying is staying level or going down, it's likely due to younger people plus those without preexisting health issues being tested.
Stats are funny animals. Presentation is everything.
In a nutshell, if hospitalization rates are FLAT, that's the curve that matters. The number of positive test results is mostly irrelevant in the context of flattening the curve.