Technical vs. Fundamental: Don't Mix Them Up

Many focus on technical analysis (charting) and ignore fundamental analysis. I see the opposite:

Technical analysis is good for short-term timing (like day trading).

Fundamental analysis is what determines if a currency will survive in the long term.

Example: In 2021, technical analysis indicated that Bitcoin would rise, but due to the volatility of the Federal Reserve, the market collapsed. Here, an understanding of macroeconomics would have saved you.