I have a few bitcoins for a long time and when the price went up some time ago at $42k I sold some bitcoins I own and I also managed to buy again at $32k
now I plan to hold the bitcoin that I have now for the long term because I believe in the future bitcoin will reach a price of $100k
Some amount of bitcoin should be for short term so that when it rises you sell and on dips you buy. This will help to keep making some short-term profits and for long term just continue holding the coins and for short term one can use this startegy to make some profits. It involves risk but if ready to take it then can help you to make money.