shorts worth 6 billion dollars will be liquidated when $BTC reaches 124 thousand dollars.

The one-day timeframe #BTC broke through the ascending wedge formation.
The lower boundary of the Ichimoku cloud serves as support.
Also, the 100-day moving average is our support. This is 110,000. And the 200-day moving average is the lower support.
Yes, according to the volume profiles, we also have marked support lines on the chart.
But, if we pay attention to the three-day chart, the correction, just the correction zone allows for a value, according to the Fibonacci level it is 0.79. This is 110,599.33. Yes, another value is allowed at the Fibonacci level of 1, which is 107,245 dollars.
From here, I expect a halt, a reversal, and then a move towards long positions up to 139,191 dollars.