Bitcoin ($BTC ) has seen wild swings today. After a brief upward move, strong selling pressure quickly knocked the price back down toward the $115K range.

Key points:

Each rebound is being capped around $118K, where sellers are locking in profits.

The $115K zone is serving as critical support, but buying momentum looks weak.

The heavy trading volume during the drop suggests sellers still hold the upper hand.

In short: BTC is caught between $115K and $118K. If buyers can hold the $115K support, another push higher is possible. But if that floor gives way, a deeper slide may follow.