Lately, the biggest feeling I have from watching the market isn't who pushed it up again, but my own hand trembling along with the "interest rate cut expectations"... To put it simply, when interest rates loosen, everyone's risk appetite is like being turned on a faucet, and positions unknowingly increase; when tightening, my mind immediately cycles through "Should I withdraw some first?" What's more confusing is that recently some people are talking about the dollar index and risk assets rising and falling together. I've been confused a few times: I initially thought it was a duel, but it turns out it's like the same emotional line pulling in different directions.

Anyway, I've now set a habit for myself: when macro winds are strong, don't pretend to be brave; tier your positions, keep some bullets in reserve, and if you see a fun protocol you want to interact with, that's fine, but don't get excited and treat the "experience fee" as a "long-term investment." Long-term isn't about talent; it's about developing the habit of avoiding impulsive actions every day.