Recap of this round of decline and correction:

The price fell because of a sharp increase in employment in the non-farm data last Friday, and rose again because the CPI data on Wednesday was lower than expected. These two data are actually based on the Fed's dot plot in June, so the dot plot should have the highest priority in a quarter, second only to adjusting interest rates.

Every three months, as long as it does not involve adjusting interest rates, the expectations brought by the dot plot are the greatest, followed by inflation, unemployment and other data. These data are all working to adjust interest rates, so before the dot plot came out, Wednesday's daily report said that two interest rate cuts were in line with expectations, one was bad news, and three were good news.

So when the conclusion comes out, isn't it normal that the increase caused by CPI being lower than expected is smoothed out?

Back to the question that everyone is most concerned about right now, will the price continue to fall?

Judging from the on-chain data, the earlier profitable investors were completely indifferent to the price drop and hardly participated in the turnover. The on-chain data of BTC is the most fair, and no transfer will be ignored. Therefore, the conclusion is that the so-called dog dealers have no reason to dump the market unless they are losing money, and the whales have not left the market unless they are losing money.

Those who care about short-term prices have already changed hands, which is why the amount of BTC in exchanges is decreasing.
Moreover, it has refreshed the lowest stock value in the past six years. A large number of investors are not panicking about the current price, and there is no sign of selling by investors who support it. This is because most investors will not withdraw their shares from the exchange if they want to participate in short-term turnover, and those who withdraw their shares from the exchange have no intention of selling in the short term.

Therefore, at present, the turnover rate is low, the liquidity is low, and if there is a little selling, the price will fall significantly. On the contrary, if there is a little buying, the price can also take off. However, this situation will not last long, and the market is brewing a big round! This year's leeks need patience!

Let's talk about CRV:

CRV has recovered nearly 40% from its intraday low, with the 1-hour trading volume hitting a record high when it hit the bottom;

De-founderization has been achieved, and the $CRV pledged by the founder has reached the price of full liquidation!

After the liquidation plunge, I may see more opportunities for short-term bottom-fishing! Pay attention to the opportunities of 0.255-0.24!

BTC

Shock repair, 66000 defense battle! In the blue demand area in the figure, if M15 forms a fund accumulation, there is still a buying opportunity! Pin defense 65800-64600!

ETH

The price probed 3420 for the second time and formed support again. If M15 forms accumulation, there is still a buying opportunity! Pin defense around 3280!

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!

Start the sharding strategy as appropriate! (The number of shards refers to the first shard position average price. The closer it is to the current average price, the more appropriate it is)

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!