Many people see data analysis and trend judgment as long-term investing, but then realize that actual operations are short-term trading, leading to a sense of contradiction. In fact, this understanding is biased.

The key is to distinguish two things: **the logic of building spot positions** vs **the execution strategy of short-term trading**.

A genuine spot position should be based on solid data—trading volume, capital flow, position distribution, on-chain activity—all of which serve as references for decision-making. At the same time, understanding market cycles and trends determines whether you have the confidence to hold that position. This is not based on intuition but on evidence.

However, the market always enters some special phases. When judging that the market is about to enter a relatively long sideways consolidation or oscillation, instead of stubbornly holding spot positions and waiting, it’s better to take some idle funds and engage in intraday short-term trading. This does not change the investment philosophy but is a **tactical adjustment suited to the time**—the trend remains, but the strategy is flexible.

Long-term frameworks and short-term operations are not in conflict. The former is the foundation, and the latter is an addition built on a solid foundation.