From BTC daily chart, its clear that its a little extension from 8&21 EMAs, with sellers taking the upper hand. 17400 level is first challege that we gonna meet.
From the 15 mins chart, as I draw, BTC is moving with a small angle up consisting of 17200 level as trend resistance and 16700 level as trend support. 17160 can viewed as short support for 15 min, but if fail to hold, it might fall to 17040 ish and seeking for some support there.
In my opinion, this is very likely to happen, since I don't think this extension is sort of "uncommon gap", so it might be better to get in somewhere around 17040. And I think its price correction indeed.
Please feel free to express your ideas and thoughts in the comment section.