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The market correction has been heavy lately. Portfolios might be down, but we must stay strong 💪 It's fate that we meet here on Binance Square, so I’m dropping a Red Packet for everyone 🧧.
No big speeches, just asking for a Follow. Let's stick together to get through these dark times and welcome the coming Bull Market! 🚀
Dusk Network focuses on a truth that is generally overlooked in the blockchain world: privacy is not a feature, it is a necessity.
Most chains are transparent; this creates a structural contradiction for financial applications. Dusk solves this contradiction with an architecture based on zero-knowledge proofs. While transactions remain verifiable, parties and details are not disclosed. It refuses to choose between transparency and privacy.
The network is designed specifically for regulated financial products, securities, and institutional DeFi. Identity, compliance, and privacy can work simultaneously. This is not 'anonymity'; it is controlled and verifiable privacy.
Dusk Network does not chase a trend. It builds the fundamental layer necessary for blockchain to be taken seriously in the financial world.
Half pillow pine wind tea is not ripe, reciting with a carefree heart full of spring.
This line of poetry is from the classical masterpiece "Journey to the West," Chapter 64, composed by Tang Seng while writing poetry with tree spirits at the Wooden Immortal Temple, depicting a state of transcendence and leisure.
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Privacy, Regulation, and the Corporate Threshold of Blockchain
@Dusk Dusk Network Blockchain technology has so far been stuck between two extremes: systems based on complete transparency and complete anonymity. The former undermines individual privacy, while the latter poses an obstacle to institutional usage due to regulatory non-compliance. Dusk Network aims to build a third space by rejecting this structural duality: verifiable privacy. This approach transforms Dusk from merely a 'privacy chain' into an infrastructure designed for regulated financial markets.
Yesterday, we closed as a bull hammer below resistance and below all EMA’s. Currently, we are forming a possible doji below resistance and below all EMA’s.
Currently, the OBV is showing convergence and the RSI is showing convergence but very oversold.
The market structure is bearish. For the trend to flip bullish we need a HL followed by a HH.
Chart 2: USDT Dominance (USDT.D)
Yesterday, we closed as a bear hammer at resistance and above all EMA’s. We are currently forming a possible doji below resistance and all EMA’s.
Currently, the OBV shows bullish divergence, and the RSI shows convergence but very overbought.
The market structure is bullish. To flip bearish we need a LL followed by a LH.
Chart 3: Altcoin Market (OTHERS.D)
Yesterday, we closed as a bear hammer below resistance and the 200 EMA. Currently we are forming a possible doji below resistance and below the 200 EMA.
Currently, the OBV shows bullish divergence, and the RSI shows convergence.
The market structure is bearish. For the trend to flip bullish we need to see a HL which we now have followed by a HH and a break above 7.2%.
Chart 4: BTC Dominance (BTC.D)
YesteToday, we closed as a bull hammer below resistance but above all EMA’s. Currently, we are forming a possible bear hammer below resistance but above all EMA’s.
Currently, the OBV shows bullish divergence on this move and the RSI shows bearish divergence with possible hidden bullish.
The market structure is bullish, but it’s hideous. For the trend to flip bearish we need to see LL’s followed by LH’s.
Since we have fallen below 94,380 (0.618 fibs) with no strong reaction from the bulls I have to believe that the top is in for BTC so treat any rallies as short term recoveries.
Just know that even though the top is in for BTC that doesn’t mean we can’t have a crazy alt season.
But for the alt season to kick off, we need BTC.D to drop off a cliff but until then we just have to sit and wait for confirmation.
We had the full moon last night and we possibly had the false move week beginning yesterday so I am expecting a possible rally with the alts for the next 2-3 weeks.
Patience is key: stay objective, control emotions, and trade the charts, not the hype.
See you all for tomorrows update!
⚠️ Disclaimer: This is not financial advice. I’m simply sharing my personal thoughts and market observations. Always do your own research and never risk more than you’re willing to lose.$BTC
【February 3 Crypto Market Brief】 BlockBeats reports that the analysis on February 3 shows that liquidity contraction + declining risk appetite have halved crypto spot trading volume, with investor participation low. The spot volume on major platforms dropped from 20 trillion last October to 10 trillion at the end of January, returning to a low for 2024. CryptoQuant states that the liquidation event in October triggered this round of adjustment, with spot demand continuing to cool. Bitcoin has fallen 37.5% from its October peak, and Binance's monthly spot volume for Bitcoin shrank from 200 billion to 104 billion; combined with the outflow of stablecoins from exchanges and a total market cap shrinkage of tens of billions, buying support is weakening. Institutions believe short-term risks are skewed to the downside, and expectations of a hawkish Federal Reserve chair candidate may suppress risk assets; however, the current adjustment is conducive to deleveraging and squeezing out bubbles. If Bitcoin ETF funds flow back, crypto legislation is implemented, or monetary policy is eased, the market is expected to see a rebound. #V神卖币 #白宫加密会议 $BTC
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