bond market sell off on the way!

In January this year a very significant historical event happened that not many financial experts even talk about. US10Y finally has taken over 30 year trend line. What is even more we can also see a trend reversal pattern which increases chances for bond to sell off! That 4% interest rates area I marked on my chart (monthly resistant level) is considered by many hedge fund managers to be a possible trigger for market meltdown. Credit will probably freeze with such high interest rates. We are not far from there anyway so I believe it is important to scan it.