Recently, we've been talking about expectations of interest rate cuts. To put it simply, right now I see macro as "everyone's daring to gamble or not." Once the interest rate expectations turn downward, risk appetite tends to rise, and positions become itchy; but I set a rule for myself: it's okay to get emotional, but don't suddenly follow the surge in positions, instead move a little at a time, and keep some cash/stablecoins as a brake.

When I was a beginner, I misunderstood: when the Federal Reserve adopts a dovish stance, cryptocurrencies should blindly surge. Now I understand: macro is just adjusting the water temperature up or down; whether to jump in or not depends on how much drawdown you can handle, and the sometimes "twisted" situation where the US dollar index rises and falls with risk assets together makes it easier to break people's mental state.

My safety obsession hasn't changed either: before adjusting positions, I first scan the authorization, and I’d rather miss out if I don’t clearly see the signature content... Anyway, taking it slow is better than regretting later.