Market Overview for Dusk/Bitcoin (DUSKBTC) – 2025-11-03

• Price remained flat at $4.2e-07 early in the session before rising to $4.3e-07.
• A consolidation phase followed, with price retreating to $4.1e-07 and lower at $4e-07 by late ET.
• Minimal volume activity characterized most of the session, with spikes observed in early and late ET.
• Notable intraday volatility occurred between 2025-11-02T18:15 and 2025-11-03T04:45 ET.
• A breakdown below $4.1e-07 raises concerns about oversold conditions and short-term bearish bias.

Dusk/Bitcoin (DUSKBTC) opened at $4.2e-07 on 2025-11-02 at 12:00 ET, reached an intraday high of $4.3e-07, and closed at $4.1e-07 as of 2025-11-03 at 12:00 ET. Total volume for the session was 1,282,004.0, while notional turnover remained largely flat due to consistent pricing. The price action was characterized by a flat early phase, a modest rally into the evening, and a slow decline into oversold territory.

Structure & Formations

The price pattern showed a bearish breakdown after an initial consolidation at $4.3e-07. A key support level appears to be forming near $4e-07, with intraday lows dipping as low as $3.8e-07. No strong bullish candlestick formations were observed, though a bearish engulfing pattern could be forming near the session high. A doji appeared around $4.1e-07, signaling potential indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, suggesting a bearish bias. Daily moving averages (50/100/200) remain aligned to the downside, with no signs of reversal in sight. The price is currently trading below all these averages, reinforcing the bearish sentiment.

MACD & RSI

The MACD line turned negative late in the session, aligning with the bearish momentum. The RSI dropped into oversold territory, indicating potential for a short-term bounce or reversal. However, given the lack of strong volume, the reliability of this signal is limited.

Bollinger Bands

Price spent most of the session near the lower Bollinger Band, particularly after 04:00 ET. The bands are relatively wide, suggesting high volatility rather than a contraction phase. This supports the idea that the market is still in a testing phase for key support.

Volume & Turnover

Volume was sparse early in the session and surged in two key clusters: at 18:15 and 04:45 ET. The latter coincided with a sharp drop to $4e-07. Despite the price decline, turnover remained low, suggesting the move was driven by liquidity takers rather than broad selling pressure.

Fibonacci Retracements

Applying Fibonacci retracement levels to the intraday swing from $4.2e-07 to $4.3e-07, the 61.8% level (~$4.23e-07) acted as resistance. The price then dropped to the 61.8% retracement of the subsequent decline (~$4.04e-07), where it found temporary support. The 38.2% level (~$4.14e-07) may serve as a near-term resistance on any bounce.

Backtest Hypothesis

Given the presence of potential bearish engulfing patterns near $4.3e-07, a backtesting strategy could be implemented using these signals. A backtest would involve buying at the open of each candle where a bearish engulfing pattern is identified and selling at the close of the next candle. This approach tests the predictive power of the pattern in a volatile, low-volume environment. While historical data was inaccessible, this method could offer insights into the effectiveness of such signals for DUSKBTC.