The video presents a technical analysis of BTCUSDT. The analysis begins with the highest daily close that Bitcoin has had in its existence. It mentions that Tuesday was expected to be bearish but turned out to be bullish. Short term analysis mentions liquidation levels. There is short liquidation at $121.5k, and longs at $117k. The analyst considers $116-117k to be a good target if the asset moved lower. The price action creates three peaks with each high, and declining volume. RSI indicates that the asset is not overbought, but in an uptrend, with higher lows and higher highs. Concluding from liquidation and indicators, the analyst believes there will be an upward movement first. A high is expected around $121k. The trend after that high is uncertain but the analyst has a possible target of 117 to 116k in mind if it goes downward. If BTCUSDT sustains $120.7k, new all time highs may come this week.