$ALAB BTC South Anna — 3-minute bearish “guillotine” on ETH breaks through $1600. Before the quarterly delivery, is $1450 the bulls’ last line of defense?

“When liquidity ebbs, the weakest assets always fall first.”

ETH’s 1-hour chart has effectively broken below the key support at $1600. The MACD has formed a dead cross and is diverging downward, with DIF and DEA negative values expanding to -40, while bearish momentum shows no signs of weakening. Even more dangerous: a large concentration of long positions’ liquidation intensity has built up in the $1600–1650 zone. Once triggered, it will create a “liquidating longs against longs” spiral. From a technical perspective, a descending triangle has formed recently. Once the lower rail at $1510 is lost, the measured target points directly to $1450.

The news only adds fuel to the fire:

Today’s $11.3 billion quarterly options delivery makes ETH’s maximum pain point as high as $2000. The current coin price is severely deviated, forcing market makers to keep selling in the spot market to maintain Delta neutrality. The ETH/BTC exchange rate also continues to weaken, with funds moving from altcoins toward BTC as a safe-haven hedge.

Anna’s view:

Before the delivery is finalized (today), any rebound to $1550–1560 is an opportunity for shorts to add positions. Don’t rush to bottom-fish—trend strength is far greater than short-term oversold conditions.

Trading plan:

Short positions: Sell near $1600–1570;
Long positions: Buy near $1500–1455;

The liquidation heatmap shows that below $1500, nearly $64 million worth of long liquidation orders have accumulated. When this blade drops—who dares to catch it?#美国VS土耳其