Wait for the opportunity to enter!Nasdaq 100 SPOTCFI:US100Batsman-EdwardMajor stock indices extended their decline for the third consecutive session, pressured by continued selling in sovereign bonds and a surge in 30-year Treasury yields to their highest levels since 2007, weighing heavily on market sentiment. Ongoing geopolitical uncertainty, alongside the continued closure of the Strait of Hormuz, has also increased investor caution. Meanwhile, concerns are mounting in technology markets over the possibility of sharp volatility in the semiconductor sector, driven by the significant rise in spending on artificial intelligence infrastructure. Looking at the attached chart, the Nasdaq index remains under pressure within a descending price channel, with clear resistance near the 29,050 level, reinforced by the 20-period moving average on the four-hour timeframe. Accordingly, the current sideways movement is expected to persist, particularly if prices stabilize above the anticipated support zone around 28,600.