A three year trendline is hopium?
That's kind of wild statement to make.
How are we defining hopium?
Less than 10% chance?
I'd give it at least a coinflip.

When we consider where we are in the cycle (year 3) a dip like the one you're showing is the actual hopium imo. That's free-money long position right there. A move like the one you've drawn makes a lot more sense in 2022 or 2023 imo, as it very much looks like the BTC collapse of 2018.

What I find most odd about this analysis is that you haven't even drawn the line... but you have drawn a line with the exact same slope at the lower level. Which means you likely did draw it and then you purposefully took it out after using the slope for the baseline. Why?