BTC: say it ain't so... but is a major consolidation at play?

This is what I see on the BTC daily chart. We lost a trend line that we have been following since January. That line is likely to become new resistance. If so, we might roll-over and retest $42K which acted as strong resistance in January, en route to $60K, and also accept as support in late February. So, it's an important area of price action. As it's not uncommon for assets to retest breakout zones that represented former ATHs, we have to be prepared for this possible outcome. Personally, I hope it doesn't happen as these kinds of consolidations are a major buzz kill. :-) But, it would also provide us all with a great opportunity to go long in anticipation of the final parabolic phases of this bull market. May the Force be with you :-)