DXP opened lower, and after a sharp decline earlier in this trading session, it continued to consolidate in the 97.30-97.50 range. The recent weakness can be traced back to headline reports about a softening dollar, with concerns over tariff barriers gradually intensifying, which pushed the dollar under pressure at the open. DXY remains below recent intraday resistance levels and has not yet returned to the previous high.

As long as the price stays below the short-term high of 97.80-98.00, the dollar's outlook will be suppressed and may continue to exert slight headwinds on BTC and risk assets. We will watch the reaction around 97.30 for clues about the next direction.