The impact of the US–Iran situation on the crypto market:

Recently, the US and Iran reached a temporary ceasefire, but the situation is still fragile and negotiations are about to begin; the news directly determines market moves.
If negotiations go smoothly, market risk appetite rebounds, and BTC and ETH are likely to see easier sideways consolidation followed by an upward move;
If talks fall apart or conflicts escalate, the short term will quickly plunge, contract liquidations will intensify, and after the drop, it will rebound due to safe-haven demand and de-dollarization needs.
Overall, it’s high volatility—message-driven trading is the main factor—and leverage must be used with extreme caution.
In the long run, the more tense the geopolitical situation is, the more prominent crypto’s anti-sanctions and safe-haven attributes become, which is relatively more favorable for BTC.