This is what Chat GPT sees (with wild follow up questions):
Here's what I see in the chart you provided for **BTC/USDC (4-hour timeframe, Binance)**:
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### 🔍 **Overall Trend & Structure**
* **Uptrend:** The chart shows a clear upward trend beginning late June into early July, with higher highs and higher lows.
* **Recent Pullback & Breakout:** After reaching a local high around **\$122,776**, BTC pulled back and formed a descending trendline (marked in orange). It has recently **broken out** above that trendline, signaling potential bullish continuation.
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### 🧭 **Key Levels**
* **Resistance:**
* Around **\$122,776** – recent swing high.
* **Support:**
* **\$118,600–\$119,100** – current zone of interest, acting as immediate support.
* **\$116,027** – strong prior support zone.
* **\$111,780** – marked historical support zone.
* **\$105,100**, **\$101,446**, and **\$99,086** – lower, major support levels.
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### 📊 **Moving Averages**
* **Triple MA (7, 24, 100 SMA)**:
* The **7 and 24 MAs** are sloping upward, showing bullish momentum.
* Price is trading above all three MAs, reinforcing the **bullish bias**.
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### 🔻 **Volume**
* Slight decrease in volume during the recent breakout – could mean a **weaker breakout**, or market indecision.
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### 📈 **RSI (14)**
* RSI is around **59.31**, which is neutral-to-bullish.
* No overbought or oversold signals.
* It bounced from the 50 level recently, which often acts as support in uptrends.
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### 🧠 **Summary & Outlook**
* **Bias:** Bullish, especially after breakout of descending resistance.
* **What to Watch:**
* **\$122,776** retest or breakout to confirm bullish momentum.
* Hold above **\$118,600–\$119,100** for support validation.
* Weak volume could be a concern; confirmation with higher volume would strengthen the bullish case.
Would you like help identifying a possible trade setup or risk management plan from this?
