You can change the styling of the editor content with your own CSS stylesheet via the add_editor_style
function:
function wpa_add_editor_styles() {
add_editor_style( 'custom-editor-style.css' );
}
add_action( 'init', 'wpa_add_editor_styles' );
Then in your stylesheet, add your rules:
body#tinymce.wp-editor h1 {
font-size: 50%;
}