💰 #Bitcoin caught by the strong support confluence of EMA 50 + $48500 Key Zone + 0.618 fib additionally it's the bottom of descending broadening wedge👀

📍To be honest it's not much about #Crypto rather about the whole economy

There is a great fear that FED will cut its benchmark rate by half a percentage point at its September policy meeting due to high unemployment rate.

We need to wait and see how the U.S Government will deal with this

P.S once again market shows us that leverage is not allowed! Only spot wins at the end!

#BTCMarketPanic #RecessionOrDip? #MarketDownturn #BTC☀ #Marketsentimentstoday