This week's major events at a glance:

1. Today, the German government continues to sell 1,000 bitcoins. Tonight, the United States announces its one-year inflation expectations, and the irrational market continues to fall.

2. Tomorrow night at 10:00, Federal Reserve Chairman Powell will continue to speak and deliver semi-annual monetary policy testimony. The market fell sharply after the last speech. This speech is very important and there is a high probability that it will be nonsense again. Everyone should be mentally prepared.

3. The announcement of US crude oil reserves on Wednesday will have a small impact on the market.

4. Thursday is the CPI release again. Every time the CPI is released, it is a sign that the market is running away. This time the CPI data is not as good as expected. The actual value is likely to exceed the forecast, and it is still a bearish market. The previous value was 3.30% and the forecast value was 3.10%. Judging from last week's non-agricultural data, this time it is bearish again.

5. The US inflation forecast for July will be released on Friday, and the impact of Monday and this forecast is not much different.

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