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Today is an important day for markets 🚨
At 2 PM ET, we get the Fed minutes from the April meeting
Reminder: 4 Fed members disagreed with the decision during that meeting
The highest level of internal division since 1992
(Fed minutes = Around 3 weeks after the meeting, they publish the detailed internal discussions)
We’ll get a clearer idea of how seriously the Fed is considering rate hikes again because of inflation.
If that’s the case, expect serious downside volatility 📉
We also have NVIDIA earnings today, which will impact stocks and likely crypto as well.
Bitcoin regained a bit of strength and stabilized above $77k, but the overall setup still looks very fragile 👀