Can I use a Blue Horseshoe Balloon to make the Bundle of Balloons?

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I am having trouble finding a Blizzard in a Bottle, so I have considered making a Blue Horseshoe Balloon while I wait to make the Bundle of Balloons, as it can negate fall damage. Since I only have one Shiny Red Balloon and only one Cloud in a Balloon, I wanted to know if I could use the crafted Blue Horseshoe Balloon in the recipe for the Bundle of Balloons.
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How do you make a bundle of balloons?
However, the Honey Balloon and Balloon Pufferfish do not stack with the Shiny Red Balloon; they all grant the same benefits....Used in.ResultIngredientsCrafting stationBlizzard in a BalloonBlizzard in a Bottle Shiny Red BalloonTinkerer's Workshop4 more rowsDo Balloons stack Terraria?
The Yellow Horseshoe Balloon is the best single-balloon double-jump item in the game. The Bundle of Balloons provides a Cloud, Blizzard, and Sandstorm jump, all in one accessory, but it does not grant immunity to fall damage. None of the Horseshoe Balloons can be crafted with an Obsidian Horseshoe.Which Horseshoe Balloon is best?
The Bundle of Balloons does not provide immunity to fall damage, despite the extreme jump heights it allows players to achieve.All Terraria Balloons \u0026 Bottles Guide! (Red Balloon, Bundle, Balloon Pufferfish, Honey \u0026 Sharkron)
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Images: Polina Tankilevitch, Julia Larson, Max Vakhtbovych, Allan Mas