Longs and shorts should wait for confirmation at the daily close; intraday fluctuations don't count.
Take this news story, for example: WasabiCard and Japan Innovation Group have formed a strategic partnership to advance the digitalization of Japan's retail industry and bring stablecoin payments to market.
Only once the price pulls back to the range it was in before the news and holds there can we say this news has had an impact.
$BTC , down 2.14% on the day.