道可道
非
非fēi
means “is not”
so now we have 道dào 可kě 道dào 非fēi…
道 可 道 非
“way” “can” “speak” “is not”
the way that can be spoken of is not…
or
“way” “can” “way” “is not”
like
the way which is a specific way is not…