Nasdaq 100 4H — Bulls Hold the RangeNASDAQ 100 IndexNASDAQ_DLY:NDXYong726Nasdaq 100 4H — Bulls Hold the Range, But 30,000 Remains the Key Breakout Level Market View Nasdaq 100 is currently trading around the 29,800–29,900 area on the 4H chart. After a strong rally from the April low near 23,000, the index pushed aggressively higher and reached the 30,500–31,000 region before entering a consolidation phase. The broader structure still remains constructive, but the latest price action shows that the market is no longer moving in a clean one-way uptrend. Instead, the Nasdaq 100 has been moving sideways between the 29,000 support area and the 30,500 resistance zone. Right now, the index is testing the upper side of this short-term range again. If buyers can reclaim 30,000 and break above the recent resistance zone, bullish momentum may return. If not, price may continue to rotate inside the current consolidation structure. Key Areas From a market structure perspective, the Nasdaq 100 remains in a bullish structure overall, but the short-term trend is currently range-bound. The strong recovery from the 23,000 area created a clear bullish impulse, with price forming higher highs and higher lows through April and May. However, after reaching the 30,500–31,000 zone, the index started to lose momentum and entered a choppy consolidation phase. The first key resistance zone is 30,000–30,200. This is the immediate area buyers need to reclaim to improve short-term momentum. Above that, the next important resistance zone is 30,500–31,000. This is the recent upper range, and a breakout above this area would confirm stronger bullish continuation. If the index breaks above 31,000 with strength, the next upside target could be 31,500–32,000. On the downside, the nearest key support zone is 29,300–29,000. This area has been defended several times recently and remains important for keeping the current range structure alive. Below that, 28,500–28,200 becomes the next major support zone. If this area fails, the index may enter a deeper correction toward 27,500–27,000. Forward Outlook For the bullish scenario, the Nasdaq 100 needs to hold above 29,300–29,000 and break above 30,000–30,200 with confirmation. If buyers manage to do that, the index may retest 30,500–31,000. A clean breakout above 31,000 would suggest that the consolidation phase is ending, and price may extend toward 31,500–32,000. For the bearish scenario, if the Nasdaq 100 fails to hold above 29,000, short-term selling pressure may return. In that case, price could move back toward 28,500–28,200. A clean break below 28,200 would weaken the current bullish structure and may open the door for a deeper pullback toward 27,500–27,000. Market Sentiment Market sentiment is currently neutral to cautiously bullish. The broader trend still favors buyers, but the index needs to break above 30,000–30,200 before bullish momentum becomes more convincing. Until then, the Nasdaq 100 may continue to trade inside a consolidation range. Above 30,200, recovery momentum may improve. Above 31,000, bullish continuation may strengthen. Below 29,000, short-term correction risk may increase. Please share your view below: Will the Nasdaq 100 break above 30,200 and retest the 31,000 resistance zone? Or will sellers defend the upper range again and push the index back toward 29,000?