Yes. One press will bring up the timeline and fast forward 10 seconds, pressing and holding down for a couple of seconds will engage FF at 1x speed. You can change speeds by pressing and releasing the right most dot once or twice after that to increase the speed to 2x, 3x or 4x.
You can also swipe up on the circular control to bring up the time line, then you can move your thumb around the circle to precisely control the "scrubbing" speed and direction.
More details here: link-> https://9to5mac.com/2021/05/24/how-to-fast-forward-and-rewind-on-apple-tv-remote/
and here: link-> Control what’s playing on Apple TV - Apple Support