According to CoinMeta, based on early data from in, chip distribution shows that in the past 72 hours, 50% of the trading chips for BTC were concentrated in the range of $70,917.95 to $78,013.08, with the most active trading price ($POC) at $71,689.16. Currently, the price of BTC is operating in the middle of this range and above the price of POC, which means that the price level of POC has shifted from a cost line to a psychological support line. As long as the price does not fall below POC, the short-term bullish trend will be maintained. However, if it breaks down significantly below POC, then the bullish advantage will be lost.