This is the $BTC Daily Time Frame chart.
Every time BTC came to the 115,500–116,500 zone, it used to bounce from there.
But now, BTC has broken down this support zone and closed below it.
That’s why it's now becoming difficult for BTC to break back above 115,500–116,000.
Once 116K is reclaimed as support again, we can expect the market to go for a resistance retest at $119,000.