BTCUSD Back To 42K or Meet 70K?!

As you see, in the Daily chart price couldn’t make a higher high and has broken out the ascending trend line to the downside and has been pushed to the downside after pulling back to the trend line.
I think it is time for BTCUSD to do some correction and comes down.
We have a strong support level at 50K. If that level broken to the downside, I expect the price to have a deep retrace around 43K or 42K which is a major support zone. Otherwise, If the the downside breakout didn’t happen on the 50K level, we might see a rise to 70K.

What do you think?
Feel free to share your ideas in comments.