The analyst discusses BTCUSDT, noting it trades at $123,355, and highlights a recent surge, with many shorts liquidated. The 30-day liquidation map is referenced, observing that shorts have been decimated with 1.5 billion worth of longs present at $125.4k. It is believed a move to $125.4-126k could be next, before moving lower. Currently, the analysis leans toward considering this local top complete and a move lower. Immediate support is expected near $121.8k, or even $116k, and anticipating a short-lived corrective move. Using a high-to-low Fibonacci, it identifies a potential target of $140,000 for late August on the weekly chart.