Parr BTC Market Daily Report - November 2nd I. Candlestick Charts 1. Daily Chart (Figure 1) The daily trading range is 76260-81970. Currently, it has broken through Friday's high and is trending downwards. Currently, pay attention to the EQ level at 791. If it fails to hold, it indicates weakness, meaning the low at 762 will likely be broken again, followed by a test of 749. However, if it holds above 791, this rebound will be stronger. I will focus on the D1 bearish observatory reaction at 811. The 811 bearish observatory is the daily chart's point of divergence between bulls and bears. If it fails to hold, the outlook remains bearish. However, a breakout would indicate a potential end to the daily downtrend and the start of the second upward move on the weekly chart. 2. Hourly Chart (Figure 2) 1) The hourly trading range is 76260-78770. As mentioned last night, if EQ holds above 775, then the target is a test of 79. Currently, the range-H has been breached, and 79 is just a step away. Back here, we're still watching 775; the H1 chart shows a bullish oblique pattern. 2) If there's accumulation at 775, then we continue to watch for a test of 79. If it breaks below, then the short-term daily rebound is over, and we'll continue downwards to test 762, and further down to test 749. II. Data, US Stocks, Macroeconomics 1. Data 1) Liquidation: A total of $82.35 million in 12 hours, with $27.19 million in long positions and $55.16 million in short positions. Short positions are twice as many as long positions. The largest short liquidation occurred on Hyperliquid's BTC short positions, at $4.01 million. 2) Liquidation: BTC 12-hour chart: The highest resistance level is around 81,000–81,200, followed by around 79,300–79,600; The lowest resistance level is around 77,100–77,900, with a further drop to around 75,500. 3) Fees: BTC fees across five exchanges range from 0.0040% to 0.0084%. Currently, Coinbase is trading at a 0.154% premium to BTC. This morning's trading appears more like short covering, with weak buying pressure in the US. 4) On-chain: Binance's cold wallet transferred out a total of 8,533.54 BTC in two transactions today, with 3,000 BTC going to the same untagged address in each transaction; the cold wallet balance is approximately 153,117 BTC. 2. US Stocks: AAPL and PLTR conference call tomorrow morning at 06:00. PLTR's revenue guidance for this quarter is $2.160-2.164 billion. 3. Macroeconomic Outlook Tonight at 23:00, the ISM Manufacturing PMI will be released: previous value 54.5, expected 54.7. A higher-than-expected reading would increase the probability of a December rate hike (currently 74.6%), which is bearish; a lower-than-expected reading would be bullish. III. Today's Strategy Focus on 79 and 775. Short if 775 is broken. 775 is support; continue to watch for a test of 791. For more real-time information, please join our community: https://t.me/pabuerbtc