Bitcoin Dip Below $118K: Watch for Support at Low-$115K

I saw Bitcoin briefly slip below $118,000, which looks like a short, intraday shakeout rather than a clear trend reversal.

My read is that this move may reflect short-covering and high leverage adjustments; I’m watching whether volume confirms a real break of support or a quick recovery to resistance near $120,000.

I remain cautious and will act on confirmation—if price holds above low-115k on low volume I’d view weakness as a buying opportunity, but a high-volume close below support would make me step back.