Semiconductor Trend Lines Broken: What's Next?

Broadcom just reported earnings and dropped 15%. Semiconductors are finally cracking. Bitcoin is at $61,000, cut in half from its October peak. Tim Knight has had a front-row seat to all of it. He calls the Bitcoin short his best call of the year — down $22,000 since he first started tracking the pattern. Head and shoulders top, Fibonacci targets playing out, BITI and SBIT both running hard. He's completely out of the short now and waiting for a bounce to $71-72K to reenter. On semiconductors: Tim missed SOXS last night, selling at a small loss before it opened up 16% on Broadcom's collapse. He covered the CrowdStrike short today and is watching for a gap fill to get back in. Micron down 5%, AMD down 3%, Nvidia holding its support rectangle. The SMH broke its trend line — support is now resistance. SpaceX IPO is six days away. Jobs report tomorrow. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:08 Dow at Lifetime Highs 2:04 SOXS Mistake: Sold Too Early 2:44 Broadcom Down 15% Post-Earnings 3:47 CrowdStrike Short Covered 6:49 SMH Trend Line Break 8:29 Semiconductor Shorts: Micron and AMD 9:10 Nvidia Support Holding 9:31 Bitcoin: Best Call of the Year 11:05 BITI and SBIT Setting Up 12:20 STRC Breaks Uptrend #timknight #broadcom #bitcoin #semiconductors #stockcharts #spacexipo #bitcoinshort #marketanalysis #tastylive #chartanalysis Disclaimer tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.