【BTCJPY】Fall below 25SMA and 75SMA

In the post dated August 4th, "Will the 6-series of descending candles become a retest?" we mentioned that while forming a six-candle sequence, there was a rebound from the 25SMA level. However, since then it broke below that same level and even breached down to the 75SMA with a large bearish candle, confirming a seven-candle sequence. Once it reaches this point, the only guide for a possible bottom is roughly the neckline of the previously broken inverted head and shoulders. I will focus on whether it can properly rebound from here.