Will Nvidia still drop? Will the general market fall in August? In-depth market analysis Langjian Trading

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Today, the market has been falling since opening. NASDAQ once fell by more than 1.5%, and chip stocks such as Nvidia once fell by more than 6%. Just when investors were desperate, the market experienced a major rebound. At one point, NASDAQ recovered all of its losses and rose by nearly 1%. However, in the afternoon, the market began to decline again, and the Nasdaq finally closed down 1.1%

Some people say that with Trump's rise to power, the market will shift from technology stocks to traditional stocks, so AI chip technology stocks that were popular in the early days all experienced a sharp decline.

However, from the perspective of technical analysis, it is reasonable to write this price action. Two weeks ago, we predicted that NVDA might drop to around 106, and not many people would believe it at the time, so let's take a look at today's video to see if the market can hit bottom? Is Nvidia still worth buying.