The New Hampshire Business Finance Authority has issued its first rated Bitcoin-backed bond, receiving a provisional Ba2 rating from Moody's, two levels below investment grade. The bond is collateralized by Bitcoin held by BitGo, with a 1.6x over-collateralization and a liquidation trigger mechanism. Moody's noted that Bitcoin's volatility poses risks, but this issuance does not involve public funds. This marks an important step in the integration of cryptocurrencies with the traditional public financial system.

Recently, I’ve been reviewing some classic technical analysis methods and found that many people still only have a superficial understanding of Fibonacci retracements. Especially the zone between 50% and 61.8%, which I call the fib golden zone. This might be one of the most underestimated trading opportunities I’ve seen. First, let me explain what exactly this fib golden zone is. It’s the range between 50% and 61.8% in Fibonacci retracement. Although 50% isn’t a true Fibonacci ratio from a strict mathematical perspective, traders widely accept it because the market often reacts around this level. And 61.8%, known as the golden ratio, is even more significant—its importance cannot be overstated. I’ve observed many charts where the price behavior within this fib golden zone is quite consistent—either bouncing back or consolidating before a move. Why is this zone so effective? Essentially, it’s a game of supply and demand. Institutions, retail traders, and market makers are all watching this level. When the price retraces to this zone, buyers start to seriously consider entering, while sellers evaluate whether to continue shorting. This collective consensus makes the fib golden zone a natural support or resistance level. In practical trading, I usually use it like this: in an uptrend, if the price retraces to the 50%-61.8% zone, I become more attentive to long opportunities. Bitcoin, during bull markets, often behaves this way—pulling back to the golden zone and then moving higher. Conversely, in a downtrend, if the price bounces back to this zone, it’s a potential shorting opportunity. The key is to wait for confirmation—not just acting as soon as the price hits this zone, but looking for other signals to resonate. Many people ask me how to improve accuracy. My experience is that you shouldn’t rely solely on the fib golden zone. Combine it with RSI to check for oversold conditions, look for abnormal volume spikes, and see if moving averages are aligning—such combinations can significantly boost your win rate. I’ve seen too many traders get caught out by relying on just one indicator. One thing I must honestly say is that in a bear market, using the fib golden zone requires extra caution. The price may bounce within this zone but not necessarily reverse. If it can’t hold above 61.8%, the probability of further decline is high. So no matter how much you trust this method, risk management should always come first. Overall, the fib golden zone tool does have its value. It provides a relatively clear reference point to help identify potential support or resistance levels. But remember, no single technical tool is foolproof. Use it as one of multiple factors in your trading decisions, combined with other analysis methods—that’s the more rational approach.

April 1st, Wednesday, Yifan's morning market outlook update. From a technical perspective, on the 1-hour chart, the price has been continuously declining with large bearish candles, with no effective recovery. The trading channel is opening downward, with bearish momentum aligned. Moving averages are weakening, and although there are slight rebounds, there are no clear reversal signals. The bearish trend remains unchanged. On the 4-hour chart, after a sharp drop, the price weakly rebounded but then broke below again. The channel continues to expand downward. Currently, the bearish volume is decreasing, moving averages are slowly converging and turning, and there is a need for correction on smaller timeframes, but the momentum is weak. Short-term, there is a rally followed by a pullback, with resistance to recovery. Overall, the outlook remains high-level short positions. Bitcoin personal trading suggestion: Short around 68,500-69,000, target 66,900-65,900. Ethereum personal trading suggestion: Short around 2,110-2,090, target 2,050-2,000.