The Fed urgently convened a meeting on Intrerest Rate in the wake of the Japanese stock market crash. It is reported that the meeting will discuss measures to maintain global economic stability.
Last week, global stock markets plummeted due to concerns about the rise in the economy caused by weak US data, with the market pricing in a 60% chance of a 25 basis point interest rate cut by the Federal Reserve within a week.

#BTC# The maximum support level on the chart is located at the 56700-56600 range, and the maximum resistance level is at 58900. In the heatmap, the largest long-term liquidation level is at 50000, while the short-term liquidation level is at 62000. On the daily chart, it can be anticipated that the support level below the expected breakthrough will rise again and may pump to the 64500 level if there are no other circumstances. My overall view is that there will be a strong rebound when reaching the 58900 level, followed by a sharp decline to the 50000 level. This is just my idea. It is not adv