Is there any contact with the important 740,000-yen level for 【BTCJPY】

In the post dated August 19, titled “BTCJPY: Returns to market levels without a clear direction,” it stated that the rate has retraced to about 700,000 yen, which is roughly the current market level, and that the situation is difficult to read in terms of direction. Yesterday, there was price action oscillating around the 5-day moving average, and ultimately a bullish candlestick formed above that level. This is a case of a “bullish within a bearish pattern,” suggesting an upward tilt. Upward around the 740,000 yen area, the neckline of the recent inverted head and shoulders runs, drawing particular attention to any contact with this level.