Parr BTC Market Morning Report -11.3 Oil prices plummeted, but the Nasdaq continued to decline; The US midterm elections begin tonight, and AMD's earnings report tomorrow morning will directly test semiconductor demand. BTC is currently still testing downwards. I. Candlestick Charts 1. Daily Chart (Figure 1) After failing to break through 79 yesterday, it continued downwards. Although reports of negotiations with Iran last night caused a price surge, the difference between negotiations and actual agreements is significant and does not signify a reversal. Therefore, BTC is still following the decline in US stocks. However, BTC is currently relatively strong and has not yet broken through last week's low of 762. We are currently waiting for a break through 762-70 before looking for a test of 749. 2. Hourly Chart (Figure 2) Currently, we are still waiting for a break through 762. There was a small rebound this morning, but the overall bias is still slightly downward. The 778 level above is a bearish resistance level that has been rejected, indicating further downward movement. II. Data, US Stocks, Macroeconomics 1. Data 1) Liquidations: BTC saw $78.96 million liquidation in one day, with $56.54 million in long positions and $22.42 million in short positions, predominantly long positions. 2) Liquidations: Approximately $789 on the upside and $764/751 on the downside. 3) On-chain: Ethereum USDT was burned in two separate transactions, each worth $2 billion, totaling $4 billion. 2. US Stocks The Nasdaq Composite Index fell 1.07%, but Apple and Palantir's after-hours earnings exceeded expectations, putting pressure on their stock prices, which continued to decline after hours. The market is currently shifting from "AI revenue growth" to examining "capital expenditures, profit margins, and cash flow." We need to pay attention to AMD's earnings report tomorrow morning, which will directly test semiconductor demand. 3. Macroeconomics WTI crude oil fell 7.3%, and Brent crude oil fell 7.6%. Tonight at 23:00, JOLTS will be released, with a previous value of 7.08 million and an expected value of 7.13 million. III. Today's Strategy 1) Still bearish. The 778 level was rejected; continue shorting. 2) Targets are: first, a test of 762; then 752; and finally 749. For more real-time information, welcome to join our community: http://t.me/pabuerbtc