Major Support/Resistance Part 2.

Now see the secondary ATH's from 2021. In Oct. BTC tested this level as resistance/support. In November it retested it, it held with a bounce for 1 week, and failed to hold it on the 3rd and 4th of December 2021. And look what happened - a massive 22% drop in one day (although the daily close excluding the wick was closer to 8%).

This moment was really the beginning of the bear market, as BTC would continue in a downtrend thereafter.

So the question I pose is - What if BTC loses this level again, the level it is currently trying to hold as support?