BTC/USD trading involves speculating on the price movement of Bitcoin against the US Dollar. Buy (Long) positions are taken when traders expect Bitcoin's price to rise. A long trade profits as the price increases, so timing is crucial to enter at lower levels. Sell (Short) positions are used when anticipating a price decline, allowing traders to profit as the price falls.
Both strategies require proper risk management, including stop-loss and take-profit levels. Monitoring key factors like market trends, support/resistance levels, and news events is essential. With discipline, patience, and consistency, traders can leverage these strategies to capitalize on market movements.