BTCUSD Daily neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. *The final Q1 GDP growth estimate came out this morning at -1.6% compared to preliminary estimates of -1.5% and compared to +6.9% growth in Q4 2021; the estimate miss was tolerable and it seems as if this degree of negative growth was priced in to financial markets based on the brevity of the negative market response. Fed Chair JPow also reiterated at an ECB conference today that the Federal Reserve's primary concern is price stability and that they will continue to raise rates to bring down inflation, even if it pushes the economy into a recession and higher unemployment; as it stands now the FOMC is intent on bringing the Fed Funds rate to at least 3.5% EOY (it is currently at 1.75%, and 1.58% effective). 3AC is currently undergoing a forced liquidation which is most likely putting downward pressure on BTC. Lastly, the Core PCE Price Index (the Fed's favored gauge of inflation) report is due tomorrow at 12:30pm (EST).* Price continues hovering above $20k as it is currently on the verge of losing support of the uptrend line from 06/18/22 at ~$20600. Volume is Moderate (low) and currently on track to favor sellers for a fourth consecutive session. Parabolic SAR flips bearish at $18600, this margin is mildly bearish at the moment. RSI is currently trending sideways at 32; the next support is at 25.60 (which coincides with the uptrend line from 01/22/22) and the next resistance is at 42.41. Stochastic remains bearish for a second consecutive session and is currently testing 77.95 support after forming a peak at 92. MACD remains bullish and is currently trending up slightly at -2129 while it is still technically testing -2497 minor support; the next resistance is at -1435. If Price is able to recapture the uptrend line from 06/18/22 by breaking and closing above $21k, then it will likely test $24180 minor resistance. However, if Price continues to fall here, it will likely retest $19417 support before potentially testing the uptrend line from April 2017 at ~$15k for the first time since September 2020. Mental Stop Loss: (one close below) $19417.