The past 24 hours have been a bit crazy—The Meme sector surged by 24%, with coins like PEPE, DOGE, SHIB, and others all taking off together, and the entire market cheering "The bull market is back." But upon reflection, is this really the start of a new upward cycle, or just a replay of old tricks?

From a data perspective, it’s indeed impressive: PEPE has gained nearly 46% in the past 7 days, with trading volume skyrocketing by 481%. Technical indicators are all showing strength, giving the appearance of a thriving market. But the problem is also clear—RSI has already surged above 74, a signal that is waving a risk warning.

Anyone who has experienced multiple cycles understands that the sudden surge of Meme coins is usually not driven by new capital inflows, but by a flash battle of existing funds. These coins have a small market cap and are easy to manipulate; just creating some FOMO can attract a wave of retail investors following along. And then? The reversal often happens even faster than the rise. This kind of carnival is like a castle on the beach—spectacular to look at, but it crumbles immediately when the tide comes in. Especially when Bitcoin hasn't fully stabilized, this type of capital flow is inherently fragile.

What are truly savvy investors doing? They’re not chasing highs, closely watching Bitcoin’s movements, holding cash, and waiting for better entry opportunities. The core logic here is simple: the opportunities in a bull market come from the trend itself, while the rise and fall of Meme coins are mainly driven by market sentiment. Investors who can’t distinguish between these two are often led by their emotions.

Finally, a word of advice: investing isn’t about who rushes the hardest, but who can last the longest. In this noisy market, letting thoughtful analysis replace impulsive reactions is always the smarter choice.