Looking at this chart again reveals an obvious phenomenon:

CME Bitcoin futures prices often lead the perpetual contract prices. What does this indicate? The large funds in the market have already entered and positioned themselves!!

It can be understood this way: CME futures are like (factory prices) while perpetual contracts are like (market prices). When factory prices rise, market merchants naturally follow suit; if they don't, they risk being arbitraged or having their positions liquidated, and they are forced to comply.

Currently, the market trend is still bullish; please try to wait for a pullback to establish a long trend. I encourage everyone to trade in the direction of the trend. Chasing the market carries too much risk, and shorting is contrary to market direction! I suggest that everyone analyze the charts more and discuss opinions with teachers or classmates to find more accurate trading logic.