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Bitunix analyst: Core inflation year-on-year rise, crypto market volatility intensifies, short-term advice to reduce position for risk avoidance.
According to BlockBeats news, on June 27, the U.S. core PCE annual rate unexpectedly rose to 2.7% in May, higher than the expected 2.4%, with a month-on-month rate of 0.2%, lower than the expected 0.3%; the overall PCE annual rate also rose to 2.3%, indicating that inflationary pressures still exist. The consumer confidence and inflation expectations from the University of Michigan, which were released simultaneously, showed that the forecast values remained the same as the previous period, indicating that the market remains cautious about the economic outlook, and the public in the U.S. still maintains a vigilant mindset towards prices. Bitunix analysts suggest: the core annual inflation exceeding expectations has dampened market sentiment, and the short-term momentum in the crypto market may be limited. Investors are advised to reduce high-leverage positions, control their Positions, and wait for further clarity on policies and market sentiment before re-entering, focusing on conservative operations for short-term trading.