Timeline of important events this week: The current overall IV level of the crypto market has rebounded significantly

This week's schedule of important events (July 8 to July 14).
This week is not a macro week, and the German and US governments' move to sell cryptocurrencies has had a greater impact on the market than other factors. It is difficult for the market to improve effectively without the selling stopping, so the German and US governments' movements need to be closely monitored this week. In terms of cryptocurrencies, the SEC has delayed its response to the ETHETF, which will start trading as early as next week, and there may be good news this week.
This week's blockbuster event: Monday, July 8
The SEC has returned Form S-1 to the Ethereum ETF issuer, requiring it to resubmit it by July 8.
Tuesday, 9 July
Federal Reserve Chairperson Jerome Powell delivers semi-annual monetary policy testimony to the Senate Banking Committee.
Wednesday, 10 July
The Reserve Bank of New Zealand releases its interest rate decision and monetary policy assessment report.
Thursday, July 11
The number of Americans applying for unemployment benefits for the first time this week in the United States in June;
Friday, 12 July
The US June PPI.
Cryptocurrency Market Outlook: The cryptocurrency market is experiencing its worst July ever, becoming even more sluggish as BTC and ETH begin to accelerate their decline under the immense pressure of the German and US government sell-offs. The overall IV level is currently rebounding sharply, with the timing that the higher options of IV are ready to build sell orders, while the huge amount of money delivered in the quarter could push the IV back at any time.