Market Overview for Dusk/Bitcoin (DUSKBTC) on 2025-11-01

• Dusk/Bitcoin (DUSKBTC) traded in a tight range with minimal volatility and no clear directional bias.
• Price hovered near a multi-hour consolidation level, with no significant candlestick patterns emerging.
• Volume was largely absent, with most 15-minute candles reporting zero turnover and only a few showing meaningful activity.
• A small breakout attempt to 4.4e-07 occurred mid-day but failed to gain traction or confirm with volume.
• RSI and MACD showed no extreme momentum signals, consistent with the lack of directional movement.

Dusk/Bitcoin (DUSKBTC) opened at 3.8e-07 at 12:00 ET-1 and closed at 4.4e-07 by 12:00 ET on 2025-11-01. The 24-hour high and low were 4.4e-07 and 3.8e-07, respectively. Total volume traded over the period was 287,949.0 units of Dusk, translating into a notional turnover of 109.6 Bitcoin, based on weighted prices. The market exhibited low liquidity and limited price discovery, with most candles closing near the open.

Over the past 24 hours, DUSKBTC displayed limited directional movement and minimal price volatility. The asset remained in a narrow range, trading between 3.8e-07 and 4.4e-07, without forming any definitive candlestick patterns such as dojis, hammers, or engulfers. The lack of volume in most 15-minute intervals suggests that the pair is thinly traded and not actively attracting speculative or institutional capital. A minor breakout attempt to 4.4e-07 was observed but failed to hold, indicating that sellers re-entered the market quickly to bring prices back into consolidation.

Moving averages on the 15-minute chart did not show a clear bias, as the price remained tightly grouped around the 20-period and 50-period lines. On the daily chart, 50-period and 200-period moving averages are aligned closely, suggesting a neutral or range-bound trend. RSI hovered near the center of its scale, indicating a lack of overbought or oversold conditions. MACD remained flat with no distinct histogram divergence or crossover signals. Bollinger Bands showed a narrow contraction in the early part of the period, consistent with the low volatility observed, and prices remained near the middle band for most of the session.

Fibonacci retracement levels drawn on the minor 15-minute swing from 3.8e-07 to 4.4e-07 suggest that 4.1e-07 (38.2%) and 4.27e-07 (61.8%) could act as psychological resistance or support in the near term. However, the absence of volume at these levels weakens the reliability of such levels as decision-making tools. The price action over the last 24 hours appears to be forming a potential base or consolidation pattern, but without a breakout or breakdown confirmed by volume, it remains difficult to assign directional probabilities with confidence.

The absence of volume in most 15-minute intervals makes it difficult to assess the strength of price movements. The few candles that recorded volume—such as the mid-session bar at 2345 UTC and the 0700 UTC bar—showed price action with limited follow-through, as subsequent candles either reversed or moved sideways. The 0700 UTC bar, for example, saw a sharp rise to 4.1e-07 but closed at that level with minimal follow-through, suggesting a test of resistance rather than a breakout. In general, the market appears to be in a state of equilibrium, with neither buyers nor sellers gaining a clear advantage.

Backtest Hypothesis

Given the current technical conditions—tight consolidation, low volume, and minimal directional momentum—it is important to consider the viability of using a simple candlestick-based strategy such as Bullish/Bearish Engulfing patterns for DUSKBTC. These patterns, when confirmed by volume and price action, can offer high-probability entry and exit points. However, their effectiveness is contingent on the underlying market structure and liquidity.

A proposed backtesting strategy would involve entering long positions at the close of a Bullish Engulfing candle, defined as a green body completely engulfing the prior red candle. Exit long positions either at the 24-hour close or at the first Bearish Engulfing candle that follows. This strategy would be applied using a valid price series for DUSKBTC. However, due to the lack of a confirmed data source for this symbol, we recommend verifying the correct ticker and exchange (e.g., BINANCE:DUSKBTC) or using a more widely available pair such as DUSKUSDT. Once confirmed, a full backtest can be run from 2022-01-01 to 2025-11-01, providing insights into performance metrics like total return, win rate, and drawdown.