Crypto Bull Market Caution:

Veteran trader The Flow Horse advises against calling a top in the current crypto bull market.

Based on charts for Bitcoin (BTC), Gold futures, and the Nasdaq, there's a clear bull trend in place.

Key Advice:

“If you’re late to the breakout, just buy and walk away,” says The Flow Horse.

Betting against the market now could prove costly, and calling tops too early is unwise.

Bitcoin's Impact on Altcoins:

Bitcoin could steal liquidity from altcoins during a rally, but some alts could still see strong recoveries.

Altcoin Outlook:

Ethena (ENA) is noted as a good entry point for bullish traders.

The trader also has his eye on Cat in a Dogs World (MEW), a memecoin that’s up 51% this month.

Potential Warning on MEW:

MEW is retesting prior all-time highs, with consolidation that resembles a previous bullish move.

However, if ENA fails to hold prior days' lows, the trader plans to exit his position.

Current Price:

At the time of writing, MEW is trading at $0.0086, down over 4% for the day.

Final Take:

The Flow Horse is overweight Bitcoin, seeing it as a safer bet compared to altcoins, given the potential behavior of altcoins if Bitcoin continues to surge.

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