$BTC was very volatile today. After showing some relief with a slight rise earlier, it suddenly faced strong selling pressure again, causing the price to sharply drop to the $115,000 area.

Here's what's happening simply:

Every bounce faces strong resistance near $118,000. Sellers are waiting there to take profits.

The $115,000 level acts as important support, but buyers are not showing enough strength yet.

The high trading volume during the decline means that the bears are still in control for now.

In summary: Bitcoin is struggling between $115,000 - $118,000. If the bulls can defend $115,000, we may see another attempt upward. But if this support is broken, the decline may extend further.