Lately, I've been paying attention to interest rates again. Basically, they are a switch for risk appetite: when interest rates are high and money is expensive, people prefer to stay in cash or short-term bonds, which makes on-chain activity easier to shrink, and market rallies more虚; when interest rates loosen, only then will someone dare to shift positions from "defensive mode" to "offensive mode."

My own mechanical approach is to tie the position to macro thresholds: not guessing turning points, but only increasing the grid/accumulation levels when conditions are met, and pulling back when they aren't, to avoid emotional reactions.
Recently, the testnet incentives and points system have heated up again, and the group is asking every day, "Will the mainnet issue tokens or not"... I don't know either, but I only do two calculations: whether the expected value is enough to cover Gas and time costs, and whether I'll be exploited by MEV/sniping.
Tonight, I’ll run the on-chain execution cost again, and also adjust the slippage and protection parameters for automated order placement, just doing it this way for now.