The bottom-picking + wave-band play is more suitable for most people. The most important thing about this play is the in-depth research of a single project and the judgment of the big market. Some of my friends specialize in wave-band node monkeys, and some big investors are hoarding some more topical memes. This play is actually easier than the former.
Now the entire market is indeed in hell mode. In this mode, the easiest way to lose money is to be fomo. I lost $30,000 by learning memes from the post-00s because of fomo, which caused my tuition fees to become the liquidity of the "post-00s" to exit. It is better to miss some things than to get too excited.