Key support level identified; weekly red dot confirmed warns of potential 18% drops like historically.

Now, there's one key level on the chart here. That's this, the value area low of this range. This is the bull market range, basically from December, 2023. The reason why that's such a key level here is because if we take just a box and drag it out, it's literally right now support. It was just resistance before that support support. It was resistance in the bear market and it was support in the last bull market. Okay. But the weekly timeframe has already confirmed a red dot. Not a good look, not a good look. Last time the red dot confirmed that was the top. Time before that, massive drop. Time before that, massive drop. Time before that, massive drop. Time before that, it was January 2024. This is when the ETF for Bitcoin went live and even with that, it wasn't a massive drop, but it was still 18%.