Lately I've been looking at the expectations of interest rate cuts again, basically it's just a matter of how brave everyone is. When interest rates are high, funds prefer to stay in the "safe corner," so I reduce my position a bit, paying more attention to whether there are abnormal large orders on-chain or traffic flowing back and forth through L2 bridges. Only buy when it's really cheap, otherwise just wait for the bus.

But now what's more annoying is that sometimes the US dollar index and risk assets move up and down together, like the logic has been twisted... It makes me hesitant to use "macro conclusions" to bet on the direction. Anyway, my approach is simple: either hold a light position and watch the show, or only jump in when I see obvious emotional orders in the mempool. Honestly, sometimes I get impulsive and itchy to trade, but then I remember the last time I got slippage-ed and learned my lesson, so I stay calm. That's it for now.