Bitcoin has been in the downtrend for almost 10 days and shows signs of wanting to fall further. If this time it hits its lilac resistance and goes back down, its fall will be more definite and it can easily break the 46700 resistance down. There is no definite opinion, but my opinion is that bitcoin wants at least a bigger drop, and heavy BUY ORDERS in the range of 40 to 44 can throw it to 50,000 and the hit its ATH soon ...
Those shadows were false breakouts. This time the price broke the resistance level and came back down to retest it as support. Its not just a shadow this time. Your trendline is still valid on the 1 hour timeframe but it's going to get smashed very soon.