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.