NVIDIA Mirrors Bitcoin Setup as Trump’s Tariff Refunds Hit

NVIDIA (NVDA.OQ) is trading inside a daily bull-flag after a ~23% rally from the March 30 low ($164.04) to $201.75, a pattern the article says mirrors Bitcoin’s recent move. NVDA’s 30-day volatility (27.7%) essentially matches Bitcoin (27.8%), and institutional indicators—Chaikin Money Flow turning positive and a falling put-call ratio—suggest buying pressure and reduced downside hedging. A Supreme Court ruling that will refund up to $166 billion in tariffs (payments due within 60–90 days) removes a semiconductor supply-chain tail risk, helping explain the unwind of puts. A daily close above $201.75 would target roughly $250; a close below $185.67 would materially weaken the bull-flag thesis. Market impact: reduced policy risk plus supportive flows raises the odds of a technical breakout for NVDA.