The following is a systematic operational framework that covers key mechanisms, strategy points, and practical skills:
1. Core Mechanism of Perpetual Contracts
Mechanism | Function | Impact on Trading
| Funding Rate | Anchor to Spot Price | Positive Rate: Longs pay Shorts (Bull Market Norm) → Avoid excessive long positions <br> - Negative Rate: Shorts pay Longs (Bear Market Norm) Beware of accelerated decline |
| Leverage Factor | Amplified Position Profit/Loss | High leverage (50x+) is prone to liquidation; it is recommended for beginners ≤5x, experienced traders ≤10x
Mark Price | Avoid Stop-Loss Liquidation | Use average price across multiple exchanges to prevent malicious dumping from triggering stop-losses Automatic Position Reduction Mechanism| Share losses during liquidation to avoid counterparty risk, but may incur additional losses
2. Four-Step Method for Perpetual Contract Trading
Step 1: Trend Judgment (Determine Direction in Large Cycle)
Tool Combination:
Daily EMA(30,60) + MACD Histogram Slope
Weekly TD Sequence (Identify Overbought and Oversold)
Case Study:
When BTC Daily EMA30 > EMA60 and MACD Histogram Turns Positive, establish a bullish trend.
Step 2: Timing Selection (Finding Entry Points in Small Cycle)
Efficient Signals:
4-Hour Chart: Price Retracement to the Middle Band of Bollinger Bands + RSI(14) Bouncing from Below 40
1-Hour Chart: Breakthrough of the Downtrend Line with a 200% Surge in Volume
Key Disciplines:
Only trade in the direction of the trend in large cycles
3. Recommended Practical Tools
Market Analysis: TradingView (EMA + MACD + Volume Combination Template)
Rate Monitoring: CoinGlass Funding Rate Heatmap
On-chain Alerts: CryptoQuant Real-time Push of Large Liquidation Orders
Backtesting Platform: Pionex Strategy Backtesting Engine (Testing Dual Moving Average + Rate Factor)
Ultimate Principle:
Capital management is the shield, discipline is the throne.
It is recommended for beginners to first verify strategies using a demo account (recommended Bybit or Binance demo trading). Only proceed to live trading after achieving a win rate >65% for 3 consecutive weeks. Remember: Survive to seize the bull market!
