Well it all depends on the experience of the trader, I believe. At first, we all just speculate, but then, when we get experience, we begin to make transactions with the mind and it is not like speculation. These are already considered trading decisions.
I believe crypto trading contains an element of speculation because price movements occur very quickly, in contrast to trading fiat currencies or stocks on the stock exchange ..
This difference causes the trader to determine the right time when buying or selling, the time difference can change in price. The stress level is higher, but profit or loss can be faster. The risk is big but the benefits are also big.
Trading requires some sort of speculating on the market and some technical analysis because if you only rely on speculating most of the time you will fail, speculations sometimes it will leads you to success and sometimes it will fail you unlike when you also had an analysis the most of chance will lead you to success.