NAS100 Technical Analysis 1 Hour ChartNasdaq 100 IndexBLACKBULL:NAS100US30EMPIRE📉 NAS100 Technical Analysis (1H Chart) NAS100 is trading around 24,374 and continues to respect a strong descending channel, signaling bearish momentum. •Trend: Price rejected the previous supply zone (24,470 – 24,500) and failed to break above resistance, confirming sellers are still in control. •Entry Zone: The retest of broken support turned resistance around 24,387 – 24,479 shows bearish rejection with downside continuation likely. •Target Levels: •First target: 24,154 (mid-channel support) •Next target zone: 23,960 – 23,827 (lower channel support) •Invalidation: A clean 1H close above 24,500 would invalidate this bearish structure and could trigger a corrective move higher. 👉 Short-term bias remains bearish while under 24,500 with room for continuation toward 24,150 – 23,900.