Lately, I've been paying more attention to macro trends than to K-line charts.

Interest rates, to put it simply, are about "how much you're willing to pay for risk."
When interest rates rise, market sentiment will change first: leverage will retreat, and long-term investors will start to be picky.
Don't hold onto positions stubbornly; going all-in on faith is romantic but also quite realistic in cost.
Conversely, once everyone feels "it's about time to loosen up," risk appetite will come back like a tide.
On-chain data often reveals more than news early on, but don't rush to chase; first, calculate the drawdown you can handle.

The NFT royalty war also resembles this logic: everyone says they support creators, but when secondary liquidity gets stuck, positions start to twist...
Anyway, my current approach is still conservative—prefer to earn less than be pushed by emotions into increasing positions, and then comfort myself with the idea of long-termism.