BTC/USD on the 1H timeframe is showing a clear bearish reversal structure after sweeping the previous Buy-Side Liquidity around 63,550–63,700.

Price pushed above the previous highs and formed a liquidity sweep near 63,700, followed by strong bearish displacement. This indicates that buy-side liquidity has been taken and sellers have gained control.

The bearish move has also broken the marked Market Structure Shift around 62,900, confirming a shift from the previous bullish structure toward a bearish phase.

Currently, BTC is trading around 62,480 and moving toward the major Sell-Side Liquidity near 62,200. This level is an important downside objective and could attract further selling before a potential reaction.

Above current price, the 62,900–63,000 FVG remains a key resistance/retracement zone. If price retraces into this FVG and gets rejected, it could provide another bearish continuation opportunity.

🎯 Key Levels
🔴 Buy-Side Liquidity: 63,550–63,700
📉 Market Structure Shift: ~62,900
🟦 FVG: 62,900–63,000
🎯 Sell-Side Liquidity: ~62,200

Overall bias remains bearish while BTC stays below the 62,900–63,000 FVG. A reclaim and sustained close above this zone would weaken the bearish setup and suggest a possible recovery.