The high-multiple names are still flying. The second-tier is already seeing people step in to buy. For the midday money—chasing the tip or shifting gears? I choose to shift gears.

$SAGA, the cleanest mid-cap in this wave of second-tier catch-up on volume and price. Current price: 0.02067. In 4 hours, it surged from around 0.0158 to nearly 1.3x; volume is about $20 million. Dropped from the intraday high of 0.0255 by a bit, but the midday bid didn’t fade. The Bitcoin weekly downsloping wedge is still propping it up, and the broader market’s risk appetite hasn’t died. Funds are just looking for gaps in the rotation. The high-multiple names have started to go their separate ways—hot money hasn’t left, it’s just switched operators to hold the line.

Fell below the 1-hour low of 0.0178— the catch-up narrative crashed on the spot. If Bitcoin breaks through the lower edge of the wedge, the second-tier will pause too. If it breaks above the previous high at 0.0255, the shorts can go fix their own positions. For the SAGA short held through the midday session, when volume and price slap you in the face, remember to shut your mouth.#加密市场 #Bitcoin