Watch out for the Supply Zone

Bitcoin is entering a large supply zone between 48.5k to 50.5k where we have lots of liquidity in play and from where big sellers could very likely start stepping in. If we see rejection from this zone a move to support @ 46.1k is very likely. And if we see a break below this key support level there is a very real chance for a deeper correction towards the Daily 365 SMA @ 38.5k