According to Mihir (@RhythmicAnalyst) on Twitter, crude oil prices experienced a robust 6.4% rebound after testing the S1 support level. This sharp move signals renewed bullish momentum in the commodities sector, which often correlates with increased volatility in major cryptocurrencies such as BTC and ETH, as energy prices can impact mining costs and broader market sentiment (Source: @RhythmicAnalyst, June 17, 2025). Traders should monitor crude oil price action closely, as further strength could influence risk appetite and liquidity flows across both traditional and crypto markets.

According to Mihir (@RhythmicAnalyst), crude oil experienced a pullback today but is now retesting the S1 breakout level, having recovered 40% of its intra-day loss (source: Twitter, June 16, 2025). The technical outlook remains bullish, suggesting continued upward pressure on inflation rates. For cryptocurrency traders, rising oil prices and inflation expectations can lead to increased volatility and renewed interest in inflation-hedge assets like BTC and ETH, potentially impacting crypto market sentiment and trading volumes.