BTC/USD Technical Analysis: The Power of Confluence

​Overview ​Looking at the BTC/USD 1-Week (1W) chart, we can observe a fascinating technical setup unfolding. The price action is currently trapped between two distinct structural patterns: a long-term macro ascending channel and a medium-term corrective descending channel. The intersection of these two patterns is creating a highly critical zone for Bitcoin's next major move. ​Here is a breakdown of the technical structures in play: ​1. The Macro View: Ascending Fibonacci Channel ​The broader ov