BitUnix analyst: Core inflation rate rises, crypto market volatility intensifies, short-term advice to reduce holdings and seek safe haven

BlockBeats News: On June 27th, the annual rate of core PCE in the United States unexpectedly rose to 2.7% in May, higher than expected by 2.4%, while the monthly rate was 0.2%, lower than expected by 0.3%; The overall PCE annual rate also rose to 2.3%, indicating that inflationary pressure still exists. At the same time, the University of Michigan's consumer confidence and inflation expectations were released, and the predicted values remained unchanged from the previous period, indicating that the market is still conservative about the economic outlook, and the American people still maintain a cautious mentality towards prices. BitUnix analysts suggest that higher than expected core annual inflation will pour cold water on the market, limiting short-term action in the cryptocurrency market. It is recommended that investors reduce their high leverage positions, control their positions, and wait for further clarification of policies and market sentiment before intervening. In the short term, conservative operations should be the main focus.