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Crypto Analyst Predicts Short Squeeze for Binance Coin (BNB) – But There’s a Big Catch

Crypto strategist Jack predicts that Binance Coin (BNB) will experience a short squeeze due to bears betting on sustained downside price action. Jack believes that BNB is likely to bounce back as it trades close to its support at $230, and that bears will serve as fuel for the short squeeze.

However, Jack also predicts that BNB is setting up for a massive collapse towards the $120 level due to regulatory pressure, withdrawal from western countries, and other issues. Jack is also keeping a close watch on Solana (SOL), predicting that the SOL/BTC pair is likely due for a correction.

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