Looking at the price action, what we're seeing could easily fit into a larger bearish structure with a significant bullish correction playing out internally. The market took a hit of roughly $30k, and bouncing back $15-20k of that move? That's pretty standard behavior when you're potentially entering a major downtrend—especially if we've already printed the local top. The wave structure still suggests this retracement might just be part of a bigger picture sell-off rather than a reversal signal.