[8.18 hedging strategy sharing, pay attention to the global central bank annual meeting next week, the world economy has come to the crossroads of bull and bear]

This week, the US stock market rose, the currency circle fluctuated, and the US economy trembled upward in uncertainty. Some analysts believe that the panic of the US economic recession has gradually dissipated. Some institutions also believe that the shadow of the economic recession has not dissipated.

The election campaign between Harris and Trump is in full swing. Harris is leading in the polls and has proposed "Harris Economics", a plan to reduce the cost of American families, with an estimated additional deficit of 2 trillion US dollars.

According to the latest data, China increased its holdings of US Treasury bonds in June, and foreign capital also increased its holdings of Chinese Treasury bonds, both of which exceeded 10 billion.

Next week, the Jackson Hole Global Central Bank Annual Meeting will be held, and Powell will make an important speech. This meeting will play an important role in guiding the crossroads of monetary policy and even the world economy.

The currency circle will also come to the crossroads of bull and bear following the US economy.

The net inflow of Bitcoin ETF has shrunk, and the Ethereum ETF has shown a net outflow. The result of the USization of the cryptocurrency market is that the price of Bitcoin is decoupled from the trend of the US stock market. This reflects the market's cautious attitude towards high-risk assets. It seems that funds are flowing into government bonds and gold.

How the cryptocurrency market will develop in the future still depends on the direction of US monetary policy. Therefore, short-term speculation and long-term holding should be distinguished.

Next week is likely to be a week of high volatility, with wide price fluctuations. It is recommended that traders can build a double-sell strategy or a covered call strategy when the price of Bitcoin rises or when volatility is high.

At present, the Forward IV in November is still relatively the highest, and you can short it at highs.

At the same time, in order to prevent tail risks, it is recommended to hang down insurance in the double-sell or covered call strategy, that is, buy out-of-the-money put options. The specific strike price can be set according to your own delta exposure. The core idea is to ensure that there will be no explosion in extreme market conditions.

If conditions permit, you can also use the DDH dynamic hedging tool to prevent risks.

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