When you zoom out, and look at the potential for fractal self similarity, there would need to be a retracement about 2.5 times as great as the 20% we have seen so far... or 50% from recent highs.
The signal is bearish, which supports the possibility.
Bitcoin volatility is not confirming this, but that could change quickly.
Not unprecedented pre-halving behaviour.
Hey, I'm a HODLer, but .... self similarity?