I can't even setup react native. it's showing this error

You've opened Android Studio in the wrong folder, you need to open the android folder rather than the projects root folder in Android Studio.
When you open Android Studio, select Open an existing Android Studio project

Navigate to the android folder inside your project's root directory, select the folder named android and then click open.
Here my app is called NewApp so I navigate to that folder and then find the android folder.

You should then see something like this:

The right way to open android project is to open project level build.gradle file when open from android studio (Just browse and double tab build.gradle file) for normal and react-native project both.
Please see the selected file in screenshot for reference.
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