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Nvidia (NVDA) Shares Set a March High

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Nvidia (NVDA) Shares Set a March High

Nvidia shares experienced heightened volatility yesterday, with the price jumping to a March high during the Nvidia GTC 2026 conference, where Jensen Huang made several major announcements. According to media reports:

→ Nvidia unveiled a next-generation platform named after the astronomer Vera Rubin. The new chips are designed for “agentic AI” (AI agents).

→ The company expects total orders for current-generation AI systems (Blackwell) and next-generation systems (Vera Rubin) to reach $1 trillion by 2027. This is double the company’s previous $500 billion forecast announced earlier.

→ Huang also noted that market demand is shifting. While chips were previously purchased mainly for training AI models, demand is now increasingly driven by companies such as OpenAI, Meta and Anthropic, which must serve hundreds of millions of users in real time.

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As the NVDA chart shows, the share price rose above the $188.50 level, but later pulled back, which may suggest excessive optimism among buyers and aggressive selling pressure.

Technical Analysis of Nvidia (NVDA)

On the morning of 26 February, while analysing NVDA price movements following the quarterly earnings release, we:

→ updated the long-term ascending channel (which remains intact);
→ pointed to the negative experience of other tech giants earlier in 2026, whose shares rallied briefly after earnings before turning lower (for example, Meta);
→ suggested that if bulls wanted to confirm control of NVDA, it would be important to keep the price above the $192.50 level.

During the main trading session that same day, the $192.50 level was broken by bears on a wide candle accompanied by rising volumes, confirming these concerns. Moreover, the downward momentum continued the following day, eventually leading to the A→B swing.

Overall, bulls still have reasons to remain calm, as:

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→ the fundamental backdrop remains optimistic;
→ the lower boundary of the ascending channel continues to act as strong support.

However, the NVDA price chart also presents some warning signs:

→ peak A may represent a bull trap;
→ yesterday’s candle with a long upper shadow could also signal a similar trap.

If this proves to be the case, a test of the lower boundary of the channel would be a logical next step. Such a scenario could significantly alter sentiment in the NVDA stock market.

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EUR/USD Chart Analysis: Pair Recovers Ahead of Fed News

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EUR/USD Chart Analysis: Pair Recovers Ahead of Fed News

On 10 March, analysing the EUR/USD chart, we:
→ considered the long-term descending channel, which remains relevant;
→ noted that the sequence of lower lows A–H was broken with the appearance of a higher peak I, with 1.1680 potentially acting as resistance.

At peak I, bulls exhausted their strength: after forming a consolidation zone near the channel’s median, bears regained control and pushed the price to a new yearly low, driven by a bearish fundamental backdrop.

Tomorrow, the Fed is expected to release its interest rate decision, while the ECB will issue comments the day after. These events could significantly shift market sentiment regarding EUR/USD, and current price behaviour suggests that bulls may attempt a comeback.

Technical Analysis of EUR/USD

Note the following:

→ The descending trendline from last week has been breached; the market is holding above the breakout level around 1.14560.

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→ The pair is recovering from oversold territory just below the lower boundary of the channel. The psychological level 1.1500 may provide support.

Thus, traders should consider the scenario in which EUR/USD’s strong movement on Monday–Tuesday is confirmed by upcoming central bank news.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Bitcoin Bulls Risk Getting Trapped at Six-Week Highs

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Bitcoin Bulls Risk Getting Trapped at Six-Week Highs

Bitcoin (BTC) risks turning its rebound into a classic “bull trap” as the price rejects at strong resistance.

Key points:

  • Bitcoin faces flat Coinbase spot demand and an open interest divergence as prices rise above $75,000.

  • This risks ending the rebound due to structural weakness, analysis warns.

  • Any push higher toward $80,000 will be “challenging.”

BTC market lacks “spot buying support”

New research from onchain analytics platform CryptoQuant released on Tuesday warns that the recent BTC price rebound may collapse.

“The Bitcoin market is currently exposing a critical structural vulnerability as it transitions from a healthy spot-led regime to an overheated rally driven primarily by derivatives,” contributor Easy On Chain wrote in a QuickTake blog post.

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Several factors support the theory, including the Coinbase Premium Index — the difference in price between Coinbase’s BTC/USD and Binance’s BTC/USDT pairs. 

Despite BTC/USD hitting six-week highs, the index continues to dip into negative territory, pointing to a lack of US spot demand.

“In this absence of spot-buying support, we are witnessing an extreme decoupling between investor cohorts where smart money is tactically distributing its supply,” Easy On Chain continued.

Bitcoin Coinbase Premium Index. Source: CryptoQuant

Fellow CryptoQuant contributor MAC_D agreed, drawing a clear distinction between old and new investors.

“Recent on-chain data shows that OG investors are distributing, while new investors are entering the market, indicating a clear transfer of ownership,” they wrote in a separate Quicktake post.

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The core issue, however, is with open interest (OI), which shows the market in a precarious situation.

“On the 1-hour timeframe, a divergence between price and open interest is emerging. While the spot market shows strength, futures traders appear reluctant to take on additional risk,” MAC_D continued. 

“If this lack of bullish positioning in the futures market continues, the current move could turn into a bull trap.”

Bitcoin OI chart. Source: CryptoQuant

Bitcoin price upside will be “challenging”

As Cointelegraph reported, Bitcoin faces a wall of selling pressure in the mid-$70,000 zone, which coincides with old local lows from April 2025.

Related: $58K BTC price still in play? Five things to know in Bitcoin this week

Data from CoinGlass shows price stalling midway through that ask-liquidity at $76,000 before reversing.

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BTC liquidation heatmap. Source: CoinGlass

Market participants thus remain level-headed when it comes to a broader market recovery. 

In his latest X analysis, Keith Alan, cofounder of trading resource Material Indicators, referenced various moving average (MA) trend lines and proprietary trading tools to put the odds of a full bull-market comeback in context.

“Bulls are currently attempting to flip resistance at the Q2 2024 Timescape Level, and now psychological resistance at $75k is coming into focus. If bulls can push higher the next targets are at the Q2 2025 Timescape Levels at $78.3k and $82.5k,” he explained.

“The confluence between the moving averages, Timescapes Levels and the structure add strength to those levels, and there is a lot of ask liquidity laddered between here and there that will make that move challenging.”

BTC/USD one-week chart. Source: Keith Alan/X

Trader Mister Crypto, meanwhile, drew comparisons between current price action and that from earlier in 2026, where BTC/USD offered a relief bounce before breaking below support.