Good analysis, but just a few days before the tariffs, BTC is doing the opposite of the analysis, it is rising in the short term and not in the medium term, what is certain is that it rises in the long term.

Key points
Tariffs are taxes that governments impose on imported goods. The idea is to make foreign products more expensive so that local businesses can compete better.

In the short term, tariffs often create uncertainty and volatility in the market. Depending on how they are announced and implemented, investors may move away from higher-risk assets like stocks and cryptocurrencies, leading to price drops.
Tariffs on mining hardware and imported semiconductor chips may also increase the operating expenses of miners who rely on imported products.