It is evident that fundamental news plays a significant role in driving the market, whether positive or negative. In many cases, the market behavior can override technical analysis when important news is released. For example, in forex trading, it is generally advised to avoid trading 30 minutes before and after high-impact news events. This principle also applies to crypto trading, including Bitcoin, as its price movements can have a significant impact on the volatility of other crypto pairs. Staying updated on the latest fundamental news related to the trading pairs, especially in the crypto and forex markets, is essential for analyzing their potential impact on price movements. Regularly reading and analyzing relevant news helps to make informed trading decisions.
The news is also affecting the decision of the people, when they hear negative news, they are selling off their coins top quickly but if they heard also positive, they keep on buying. Such scenarios will not just show how people are reliant on the news but somewhat a basis to make decisions. That is how the FUDs easily manipulated the market trend and it keeps on winning. And that is why only a few people can manage to hold long-term compared to the numbers of investors who are short-term.