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The US-Iran situation is currently in a stalemate of "neither war nor peace," but the reopening of diplomatic channels has brought a key trading theme to the market. To understand the core logic of the current market, one must first grasp this transmission chain: US-Iran easing → oil prices decline → inflation expectations cool → Federal Reserve rate hike pressure eases → US Treasury yields fall → positive for risk assets; the opposite applies in reverse. $BTC $ETH $BTC #FedHikesBTCResilience