Postpone bearish scenario until 17.6K

Morning folks,

As you could see BTC has reached the level that we've discussed last week - 17040-17080 resistance, and did it relatively easy. Since we consider upside continuation on other markets as well - EUR, Gold, on BTC we also postpone bearish scenario and now do not consider entry. Price stands above the K-resistance area and above OP target that we've discussed last time.

At the same time, the bearish context is not broken and around 17.6K we could get the same "222" Sell. 17.6K is a next Agreement resistance area - 5/8 major Fib level and upside XOP (1.618) AB-CD target. Bulls probably could consider long entry on minor pullback. The retracement right now should not be deep. Otherwise, it could mean that BTC still reacts on 17.1K area.