Lately, when I look at the market, I tend to focus more on interest rate expectations and the sentiment on the dollar side. To put it simply, when risk appetite contracts, the correlation in the crypto space suddenly increases, and all sectors seem to struggle at once. My approach is pretty straightforward: treat my position as a "risk budget," and when macro conditions are tight, reduce leverage, keep some stablecoins for opportunities, and avoid stubbornly holding through emotional swings. I later realized I used to rely too much on candlestick charts to explain everything; in fact, many times it's just funds shifting risk levels. By the way, watching those L2 debates about TPS, fees, and subsidies—it's lively, but in a less relaxed macro environment, no matter how loud the ecosystem stories are told, positions can only stay conservative for now... I don’t dare to pretend I understand everything, so I’ll leave it at that.