Why the sudden decline?

This decline is the result of both technical and macroeconomic factors:

1. Technical factors: Bitcoin's price has repeatedly attempted to break through the historical resistance zone of $120,000 but has failed. A significant "high-pressure zone" has formed around the $119,500-$120,000 range. The repeated unsuccessful attempts have drained the bulls' strength, and most retail investors have chosen to take profits, leading to a price drop!$BTC $ETH