Futures Trading in the crypto world carries high risks and high fluctuations. The following is a concise summary of practical insights:

Position management should never be fully leveraged, and a single position should not exceed 5%-10% of the principal, with total position control within 30%. Use the pyramid averaging method, adding in batches after making a profit to avoid heavy losses from a single large position.
Set stop-loss discipline upon entry, with short-term trading stop-loss limits controlled at 1%-3% and medium-term not exceeding 5%. Refuse to "hold on to positions"; decisively exit when the price touches the stop-loss line to avoid emotional interference.
Trend following only occurs in clear trend markets; go long when EMA20/60 moving averages form a golden cross and go short during a dead cross. Do not trade against the trend before the daily trend is broken. When Bitcoin breaks its previous high/low, follow the trend to enter trades, which has a higher success rate.
Newbie advice for leverage control is to keep it below 5x, while experienced traders should not exceed 20x. High leverage requires stricter stop-loss measures to avoid instant liquidation in extreme market conditions.
Emotional management: stop trading immediately after three consecutive losses, and do not trade again on the same day. Withdraw part of the profits after a gain of over 20% to avoid greedy retraction.
Data should be closed and observed before major positive/negative events to avoid spike trends. Pay attention to key indicators such as the Federal Reserve's interest rate decision and ETF fund flows.
(Note: The probability of loss in Futures Trading exceeds 95%. It is recommended that beginners practice with a demo account for 3 months before trading with real funds. This article is for experience sharing and not investment advice.)