Earnings countdown meets Nasdaq nosedive! Is NVDA at 204 a bull trap or are traders jumping the gun?

Price is bouncing, but money is flowing out—204 is definitely not the bottom!

Everyone is waiting for the earnings report on the 17th, but the Nasdaq is plunging. Institutions are cutting price targets while holdings have actually increased by 4%, showing that both bulls and bears are placing their bets.

There’s a wall of trapped buyers overhead between 210 and 215. Funds have pulled out 32 million over the past 15 days, and every time the price rebounds to 215, volume dries up. No real money is coming in—it’s all an illusion!

Trading plan: Go short around 210–215; go long around 200–202.

Fan Xin’s view: Watch for a spike and pullback. Before earnings, the big players are just shaking out the market. The risk/reward is far too poor to catch a falling knife around 204.

What if 210 is a false breakout? Can 200 hold? @BTC梵昕 will help you pinpoint the perfect entry!

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