Nasdaq 100: Major Demand Tries to Stop the SelloffUS 100 IndexFX:NAS100Structure_ViewThe Nasdaq 100 has returned to a major demand zone around 29,280–29,380 after a sharp technology-led selloff. This area has already attracted buyers several times, and the latest candles suggest that selling pressure is beginning to slow. That creates a potential recovery setup, but the rebound still needs confirmation. The first level I am watching is around 29,650–29,750. A clean recovery above that area would show that buyers are regaining short-term control and could reopen the path toward 30,000, followed by the broader 30,100–30,250 major supply zone. The macro backdrop also matters here. Technology stocks came under heavy pressure in the previous session as rising Treasury yields increased the discount rate applied to long-duration growth assets. The Nasdaq fell 1.33%, while the Philadelphia Semiconductor Index dropped roughly 5%. Today, that pressure has eased somewhat. Longer-dated Treasury yields pulled back after the U.S. Treasury increased support for the bond market through larger buybacks, helping improve risk sentiment across equities. The Nasdaq has responded with a modest recovery rather than another leg lower. Bullish Scenario As long as US100 holds above 29,280, the recovery scenario remains valid. A move through 29,700 would strengthen the setup and put 30,000–30,250 back in focus. Bearish Scenario A sustained break below 29,280 would invalidate the demand reaction and suggest that sellers still control the short-term structure. In that case, the index could begin searching for lower support. For now, this is not a confirmed trend reversal. It is a reaction from a level that buyers now need to defend. Does major demand launch another move toward 30,000, or is this only a temporary pause in the tech selloff?