The presenter discusses using a spot grid bot in a ranging market. He looks at the ETH/USDT chart on the one hour timeframe, giving example prices, of $4060 as a lower level of support and $5000 as a higher level of resistance where price has moved sideways for approximately a month. It is observed that the market moves between swing highs and swing lows in this price range with Fibonacci support at the bottom and resistance at the top. Setting up the Bybit spot grid bot requires the definition of a price range, for example between $4000 and $5000. It requires selecting a number of grids. The bot buys at a lower grid and then sells at a higher grid making trades to capture profit. It is noted that a greater number of grids will increase the total investment as it buys and sells in smaller increments within the same total range. For the setup, the bot will use USDT to buy and sell ETH. The presenter ends the video by confirming that these tools are set up to take the emotion out of trading in a ranging market.