【BCHJPY】Still in a band-walk while continuing to decline

In the post dated August 11, titled "Downward momentum not stopping, heading toward a tug-of-war around about 600,000 yen," I explained that the price is rapidly setting new lows, dipping below the April low of about 630,000 yen, and that the Bollinger Bands are expanding with price moving along the -2σ line, suggesting that the momentum is unlikely to ease easily. In reality, the price did break the low, but then formed a lower wick and closed higher, resulting in a bullish candle. Nevertheless, it appears to be continuing a band walk. Today, all eyes are on whether the price will lower again.