The trend cost band has already broken below the lower edge, but Bitcoin has not yet broken below the short-term distribution lower edge of 73k. Further testing of this level is needed before accumulation begins.

Additionally, as the price has been rising steadily over the past few days, the stop-loss band at high levels has stacked up around 76.7k. Once enough short positions are accumulated here, a major cleanup is likely to occur, which can serve as a medium- to short-term target.

Summary: After breaking below 73k, it attracts main force to defend the market until the price approaches the 77k high point, triggering the next medium-term adjustment. The specific level may not be very precise, but that’s roughly the logic—this is the current main line of thinking.