If price takes out the June 29 '26 low on this weekly chart for $BtcUSD (pink arrow and the Fibonacci level 0.618 of the Fibonacci retracement from November 21 '22), then as said, one or more of the red horizontal rays come into play as possible levels of support. If price slices through both of these red horizontal rays of support, then the Fibonacci level 0.786 of the Fibonacci retracement from November 21 '22 presents itself as another and lower level of support. If price reaches this Fibonacci level 0.786, then the decline from peak to through will amount to approximately -69.06% which is consistent with prior bear market drawdowns for Bitcoin. $BTC