Highlights
The order book displays the current buy and sell orders (buy price and sell price), reflecting the market supply and demand situation for a particular trading pair.

In high liquidity markets, the order book updates in real-time. When trades are executed, the corresponding orders are immediately removed from the order book, making it a dynamic tool for tracking market activity.
The order book not only helps identify potential support and resistance levels but also aids in analyzing market depth. However, buy and sell walls can sometimes create false supply and demand signals; therefore, it is recommended to combine the order book with other analytical tools to enhance the accuracy of market analysis.