【BTCJPY】Approaching the extension of the inverse head and shoulders neckline

In the post dated August 23, titled “BTCJPY briefly surpasses 7.5 million yet is hammered down,” it stated that on the 22nd it briefly surged into the 7.5 million range, but left a long upper wick and retraced to around the 700,000 level of the market, and for a while this around 700,000 would be the focus, with a trading range of 650,000 to 750,000 and a 50,000 swing up and down. Yesterday, the price did not break to a new low and formed a solid bullish candle, approaching the neck level of the former inverted head and shoulders. The battle at this level is the main point of interest today.