#CoinPairswithETH Caution is advised for shorting right now, and here’s why:

1. Bullish News: The SEC announcement is major and could lead to further upward momentum.

2. Price Action: The spike and mild pullback could just be a consolidation before another leg up.

3. Support Zone: $1600 could act as a new support if bullish sentiment continues.

Strategy Suggestion

If you're set on shorting, wait for signs of price rejection near resistance levels like $1610–$1620 with lower volume on green candles or a bearish engulfing pattern. Use tight stop-losses above recent highs to manage risk.