I use technical analysis to plan all further investment steps and take decisions based on the analyzed information. Well and still it is necessary to not forget to rely on intuition.
Well since bitcoin ETF was declared there was the bull run on bitcoin. People are having divided opinions on how the outcome might affect crypto, still I think SEC should stay away from crypto as far as possible. Again it is also important that people are able to trade crypto without hesitation and doubt. I am hoping a for a dip soon since we touched 7.5k USD to 6.5k USD again before another bull run happens.
So you should set the amount of profit in the short term you earn in a month and how much money to invest is reasonable.
Its not always hard and fast like that. Depends on the outcome of that period. Maybe you didnt make much profit from the market being red and might need to hold off an investment you might have planned.