This video analyzes the BTCUSDT pair on Bybit, explaining how the order book works. It pinpoints the location of sell orders (asks) and buy orders (bids) with traders who want to sell and buy BTC at a certain price. It highlights that high volume, liquidity is needed in order to execute large orders and avoid extreme costs because of a lack of volume. The current price is approximately $113,466.00. It explains a maker places orders to add liquidity while a taker executes market orders or limits, and moves price. It also talks about aggregation levels. It concludes that most market orders are driven by retail traders. Target price is $114486, and fail level should be around $112500.00. It pinpoints that market sentiment drives Elliot Wave.