BloodInStreets

Wall Street's market closure has pushed the crypto market into retail trader dynamics, with institutional capital inflows temporarily halted and market sentiment extremely fearful. Although position holders face pressure, the coin price has not collapsed, indicating that the bullish support level remains intact. The high market cap of stablecoins suggests that funds are waiting and watching, without truly withdrawing. Next Monday, after the US stock market opens, BlackRock's actions will become the market's key focus. The overall situation suggests that retail traders may be facing a turning point.

# What is KDJ? A Simple Explanation
Simply put, it's a technical indicator used to predict short-term stock price movements, originally derived from the futures trading market. This indicator judges whether a stock is in an overbought or oversold state by calculating the differences between the highest, lowest, and closing prices within a certain time period. As one of the most sensitive tools in traders' hands, KDJ can help us precisely grasp buying and selling opportunities, but at the same time, it is also prone to generating false signals due to being overly sensitive.
# Deep Understanding of the Core Essence of the KDJ Indicator
The full name of the KDJ indicator is the Stochastic Oscillator. It's called "stochastic" because it reflects the strength and weakness of price movements by calculating the proportion of price fluctuations within a certain time period. Unlike other moving average indicators, KDJ is more like a "sentiment thermometer" that can quickly capture the conversion of bullish and bearish forces in the market.
Under default settings, KDJ will gather data from the most recent 9 trading days. This 9 is a cycle parameter.

As of now, a total of 51 countries globally have banned cryptocurrencies, divided into two categories: absolute prohibition and implicit regulation. 9 countries with absolute bans completely prohibit cryptocurrencies, while 42 countries restrict financial institutions from participating, reflecting different attitudes and regulatory requirements of various nations toward digital assets. These bans are typically motivated by multiple considerations including financial stability, monetary sovereignty protection, and anti-money laundering measures.

Canaan Intelligence has descended from the world's "first blockchain stock" to facing delisting after its stock price continuously fell below $1, triggering a Nasdaq warning. The company has shifted focus to its core business of Bitcoin mining and is undertaking strategic restructuring, attempting to restore its stock price through reverse stock splits and large-order financing. Mining business revenue has reached record highs, and global expansion and innovative projects are progressing, but whether it can successfully reverse its decline remains to be seen.

The industry is undergoing transformation, with meme coins and NFTs gradually fading, while DeFi successfully attracts institutional capital. The number of tokens will decrease in the future, with funds concentrated in a few top-tier projects. Compliance and bankruptcy protection frameworks are reshaping market order, and quality projects will benefit from stable development.

In 2026, Bitcoin experienced a severe correction, with the key technical support at 89600 breached, and price declined to 74850. Technical indicators present bearish signals, market sentiment is mixed, and long-term and short-term expectations diverge. Short-term traders should set stop losses and operate cautiously, while medium to long-term investors should await clear signals and control positions to manage uncertainty. Overall, this reflects the importance of patience and risk management in a volatile market.

Venezuela's oil embargo is prompting investors to reconsider their asset allocation, with rising demand for gold in particular. As geopolitical risks and liquidity concerns mount, tokenized gold is gradually gaining traction, attracting investors seeking certainty. These investors tend to combine gold, tokenized gold, and Bitcoin to achieve flexible hedging. Looking ahead, asset liquidity and their interrelationships will become important considerations for the market.

Russia's Central Bank Governor Nabiullina indicated that Bitcoin mining supports ruble exchange rate stability, demonstrating that Russia's perspective on digital assets has shifted from precautionary to pragmatic assessment. Facing international sanctions, Russia is seeking new sources of funds and recognizing that mining can serve as a channel for foreign exchange acquisition. While still not recognizing Bitcoin as a legal means of payment, mining activities are gradually being incorporated into macroeconomic policy considerations, with plans to manage this sector through a regulatory framework.

Greeks.Live research indicates that traders have divergent views on the Bitcoin market, with particularly strong bearish sentiment. They believe Bitcoin's fundamentals have shifted, recent performance has been weak, and they express skepticism about future direction. Meanwhile, the market's technical side is under pressure, with volatility from year-end to year-beginning becoming a focal point. Traders need to proceed cautiously and strengthen risk management.

Under the pressure of global climate change, green cryptocurrencies have become a new focus for investors due to their low energy consumption characteristics and technological innovations, offering competitive returns. Multiple projects such as Ethereum, Solana, and Avalanche have significantly reduced energy consumption through mechanisms like proof of stake, attracting institutional investors' favor. Despite optimistic prospects, investors still need to carefully assess market liquidity, technical risks, and policy changes.