NVDA Bulls Are Losing Control — The AI Rally Is in TroubleNVDAUSDTPERP PERPETUAL MIX CONTRACTBITGET:NVDAUSDT.PSakuraSeikoI’m bearish on NVDA in the short term. The AI infrastructure story is still worth watching, but the chart is telling me not to chase the bullish narrative right now. NVDA has broken below the $229.15–$229.85 consolidation zone on my 4H chart. Both the 1H and 4H MACD remain bearish, with price trading below the key moving averages. For me, the next trade is a potential resistance retest, not a blind buy-the-dip attempt. The OCP Global Summit puts AI infrastructure back in focus, but headlines alone won’t reverse a technical breakdown. With U.S. CPI also on the calendar, volatility could cut both ways. So my trade setup: - Bias: Short - Entry: $228.80–$229.60, only if the retest shows rejection - Stop-loss: $232.10 - Take-profit 1: $224.20 - Take-profit 2: $220.00 Why these levels? The entry zone sits around the former consolidation support, which may now act as resistance. The stop is above the broken zone and nearby resistance, while $224.20 and $220.00 are downside targets—not guaranteed support levels. If price reclaims the $229.85 zone and holds above it, I’ll reassess rather than force the short. If NVDA keeps dropping without a bounce, I won’t chase it; no entry is better than a bad entry. Short-term bearish until price proves otherwise. I’m watching whether AI infrastructure headlines can bring real buyers back, not just another temporary pop. I’m also keeping an eye on this week’s Bitget Alliance rewards. The plan comes first; execution and risk management matter more than trading every headline.