$5400 Bitcoin and lower still in play. Macro economics dominate!

I am still bearish on BTC just like all markets for the most part. I think BTC will follow the DOW for a little while, perhaps we will eventually see a decoupling with inverse correlation. I expect that BTC will function like silver and gold did during the last recession where all assets dipped at the beginning but the strongest recovered before the stock market did.

Ultimately we could see $3800 here soon.

This is not trading advice!