It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
I agree. Although the news can be very useful, I consider it as an indirect or outside source of information when it comes to trading. It's still best to consider the trading platforms itself and see how the coins are moving than listening or considering other sources. It can help one gain an insight of how the coins will go or somewhat a forecast but not the actual movement because you can always consider how the prices change for that. But, then again, in this market, it's better to be equipped and consider everything altogether than just one thing.