In crypto, everything is totally unpredictable so analyzing the market is must because it's easier to obtain the profit if you can look the trend.
Yes, it isn't easy , Learning by doing is only the way !
Yes, I certainly agree with you that sometimes speculation is part of the complex trading processes here in cryptocurrency. The volatility of the prices of the coins, sometimes you can't do anything but to speculate. Technical analysis may fail espcially with the bearish trends.