One possibility of betting on this price movement is to take a long position in a futures contract on this asset. The difference from a purchase in the spot market is that the futures market allows the speculator to obtain leverage.
Speculators can be divided into three groups according to the term of holding a position: scalpers, day traders, and position traders. Scalpers are watching for very short-term trends, usually a few minutes, and attempt to realize profits from small changes in the contract price.
Day traders hold a contract for less than one trading day and do not take the risk of potential bad news overnight. Position traders hold their contracts for a much longer period and look forward to significant profits from major movements in the market.