Looking at the 12M chart of BTC, what can be inferred from the measurement between consecutive down candles?

Honestly, does this indicate that the cycle is continuously changing? Or should we expect that three more candles will mark the next monthly-level decline?

This macro-level cycle observation is indeed worth pondering. BTC's long-term structure has been evolving, with each cycle varying in length and pattern. A down signal at the 12-month level often suggests a larger correction, but predicting the next trigger point with equal spacing is quite challenging.

Do you think this cycle is significantly shorter or longer compared to historical performance?