NAS100 | BEARISH PRESSURE BUILDS AS U.S,–IRAN ESCALATION RETURNSUS Nas 100OANDA:NAS100USDSroshMayiUSNAS100 | BEARISH PRESSURE BUILDS AS U.S.–IRAN ESCALATION RETURNS USNAS100 remains under bearish pressure on the 4H timeframe as the price continues to trade inside a descending channel and below the main resistance zone. From a technical perspective, the index is currently approaching the resistance area between 29978 and 30110. As long as the price remains below this zone, the bearish structure remains valid, and another rejection could push the market back toward 29583. A confirmed break below 29583 would strengthen the bearish momentum and open the way toward 28751, followed by the major support level at 28408. The bullish scenario requires a clear 4H candle close above 30110. In that case, the price could recover toward the major supply zone between 30327 and 30708. Until that confirmation appears, upward movements may remain corrective rather than the beginning of a new bullish trend. Fundamentally, the renewed military escalation between the United States and Iran adds pressure to global risk assets. U.S. forces have carried out additional strikes against Iranian military targets, while Iran has launched retaliatory attacks and again increased uncertainty surrounding the Strait of Hormuz. These developments raise concerns about energy supply, inflation, and broader regional instability, which can weigh on U.S. indices and increase market volatility. Therefore, the combination of the descending technical structure and the escalation-driven risk-off environment supports a bearish outlook for USNAS100 while the price remains below 30110.