NAS100USDT Faces Profit-Taking as Chip Stocks Slide and Geopolitical Risks Rise

Wall Street turned lower on Thursday as weakness in semiconductor stocks and growing geopolitical concerns triggered a wave of profit-taking following the recent rally that pushed major U.S. indices to fresh record highs.

The technology sector came under pressure after Broadcom shares plunged more than 13% in premarket trading. Although the company maintained its long-term AI revenue outlook, investors were disappointed by weaker-than-expected quarterly results, highlighting the elevated expectations currently priced into AI-related stocks.

The selloff quickly spread across the semiconductor space, with AMD, Micron, Marvell, and Qualcomm also trading lower as investors reduced exposure to high-growth technology names.

Adding to market caution, tensions between the United States and Iran continue to fuel concerns over potential disruptions in the Strait of Hormuz, a key global energy shipping route. Higher oil prices and renewed inflation fears have increased uncertainty surrounding the outlook for global growth and monetary policy.

Nasdaq 100 futures declined more than 1%, while S&P 500 futures also moved lower. Investors are now turning their attention to upcoming U.S. employment data, which could influence Federal Reserve rate expectations in the coming months.

📊 NAS100USDT 4H Technical Analysis

NAS100USDT is experiencing a healthy correction after an extended bullish advance. Price failed to sustain momentum above the 30,600 resistance zone and has retreated toward the 30,100 area, signaling increased selling pressure near recent highs.

Momentum indicators are beginning to favor the bears, suggesting that short-term downside movement could continue. However, the broader 4-hour trend remains bullish as the market continues to maintain a sequence of higher highs and higher lows.

A key support level sits at 30,084. As long as price remains above this zone, buyers may attempt another push toward 30,600. A break below support could accelerate selling pressure toward 29,730 and potentially 29,330.

On the bullish side, a decisive breakout above 30,600 would confirm renewed upside momentum and open the door for a move toward the next major resistance near 31,300.

Resistance: 30,600 | 31,300

Support: 30,084 | 29,730 | 29,330

Market Bias: Short-Term Bearish | Long-Term Bullish

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