Bitcoin IS China's response to tariffs

A couple weeks back, I read an article that suggested Bitcoin's sudden rise in price was actually due to PBOC (China) running out of dollars.

We can see the price has spiked in sync last week and today based on tariff news.

From a technical standpoint, the price looks exhausted and we'll probably see a pull back imminent.

I'm using the daily but the weekly is also super overbought.