Hot info:

1. The PCE data was released at 8 o'clock last night, which was consistent with the previous expected value, and the published data was 2.8%. BTC followed the trend and pulled up the market, and the market touched 69,000 points. Later, DMM Bitcoin Exchange was stolen with a value of 48 billion yen (the number of stolen coins was 4502.9), and the market collectively pulled back.

Let's talk about the PCE data first. The PCE data is one of the key indicators for measuring inflation. The data started from the highest position of 5.4% in February 2022, and slowly declined as the interest rate hike progressed. It has been stable at 2.8% for four consecutive months, with a target of 2%! Objectively, we believe that the current inflation remains at a relatively stable level. The unchanged data indirectly indicates that short- and medium-term anti-inflation efforts have been hindered. So this data is not bad, but it is definitely not a long-term positive.

Fortunately, inflation has not risen, it just has not fallen, so the problem is not big. I believe it will not fall too much, and the damage to sentiment will not be too great. Next Friday's non-farm data is the top priority.

After the data was released, traders immediately increased their bets on the Fed's rate cuts within the year. The market generally expects at least one rate cut within the year. In other words, if there is only one rate cut, it will most likely start in December. Currently, the bets on the rate cut in September have rebounded slightly, and we need to observe the data for a few more months. PCE data is released once a month, and we expect the market to give better feedback.

2. May is the most critical month of the year, and we have safely passed it under the premise of huge expected short-selling risks. As time goes by, in the deterministic interest rate cut cycle, the market will only move more and more deterministically. The market will not follow our established track, and the process is tortuous, but the cyclical trend must be referenceable.

BTC

What the newspaper said yesterday:

If the price fails to break through 69500 ​​and the price is rejected to fill the gap near 68900, it will continue to hunt for liquidity at the low points below and pay attention to the buying opportunities in the two demand zones below.

67200-66600 support is effective again, short-term price rebounds to test 68700-68400, if rejected, short-term positions will be taken profit. Continue to pay attention to liquidity plunder in the two areas below. Watch for accumulation buying opportunities.

ETH

What the newspaper said yesterday:

The rebound to fill the 3800 level was rejected again, and it will continue to move downward. Pay attention to the buying opportunities in the two demand areas below. The price is supported again at 3740-3700, but the overall market is still volatile. If the current price can return to the 3800 level and oscillate, the probability of upward movement is high. Otherwise, it will continue to plunder liquidity downward, and continue to pay attention to the buying opportunities in the two areas below.

Optimize the quantitative strategy configuration plan:

Countermeasures for insufficient positions:

Suspend all strategies (to avoid locking the API), and set the strategy type to conservative or extreme!

If you have a spare position, you can transfer the spare position to the spot account!

If there are positions that are released, the strategy of the currency with large floating losses can be suspended first, so that the closed positions can be used to release positions with currencies with small floating losses more easily and profitably!

Seize the opportunity of market rebound, release the currency positions, and adjust and reduce the position ratio in time!

Enable sharding strategy as appropriate! (2-3 shards)

In the current market, we can focus on implementing this practical technique (with good results):

1. After the strategy covers the 4th position, the strategy type can be adjusted to conservative!

2. When the 4th position of the strategy is closed with profit, adjust the strategy type to stable or volatile!

The information and data involved in this content are derived from publicly available materials, and we strive to be accurate and reliable, but we do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice, and you are solely responsible for investing based on it!