The Dollar Is Compressing Into 98.635 — Macro Pressure Meets Str

The dollar has been under steady macro pressure all week.

Rate cut expectations, softer yields, and liquidity repricing have weakened the USD across the board.
We’ve seen the same conditions lift EURUSD, gold, and BTC — not because those markets react to DXY levels, but because they respond to the same macro drivers.

That is the correct interpretation.

Now the structural question is simple:

DXY is sitting less than 0.11% above monthly balance and pressing into 98.635 — the level algorithms historically defend.

This is the inflection.

If 98.635 holds:
USD stabilizes, stretched rotations cool, and we likely see counterflow in EUR, gold, and BTC.

If 98.635 breaks:
Macro pressure accelerates, and the next leg of dollar weakness opens with far more momentum.

The key distinction:

FA explains the pressure.
TA defines the resolution.

Cross-asset strength today isn’t randomness.
It’s macro conditions expressed differently across instruments while USD approaches the structural point where the next phase becomes obvious.

Watch 98.635.
Structure will answer what fundamentals only set up.

— CORE5DAN
Institutional Logic. Modern Technology. Real Freedom.