The video addresses the "Red September" theory in the context of Bitcoin's price action. It notes that Bitcoin is currently in a critical support region between $108,000 and $112,000, bolstered by indicators like the bull market support band. The analyst argues that a breakdown from this support would be detrimental to Bitcoin's near-term prospects. The video aims to debunk the red september theory. The historical data indicates that the average drop in September is about 3.7%. The video mentions it's important to rely on technical analysis instead of what they consider a weak trend. The analyst infers a $130,000 target.