Wednesday, December 15th Black Brother's Midday Analysis
From a technical perspective, the daily chart shows a medium bearish candle. On the four-hour chart, the Bollinger Bands are opening, and the candlestick is below the middle line. The MACD lines have crossed downwards, and the bearish energy bars are increasing; on the hourly chart, the Bollinger Bands are opening, the candlestick is near the lower band, and the MACD lines have crossed downwards but the bearish energy bars are decreasing. Focus on high volatility with support from low volatility.
From the news perspective, at three o'clock tonight, there will be a CPI interest rate meeting. According to predictions, currently, 97.1% believe that there will be a 25 BP rate cut, bringing the current rate from 4.75% down to 4.5%.
This rate cut is positive news for the crypto market.
Black Brother's Recommendations
Bitcoin may retrace to around 103000-103500,
looking towards 106000-107000
A rebound near 107500-108000, looking to 105000-104000.
Ether may retrace to around 3760-3700,
looking towards 3900-4000.
A rebound near 4000, looking to 3850.
Note: Follow Black Brother for operations based on his guidance.
