On our daily chart, ARB appears to have pulled back to the support zone. A close below 1.6340 will further weaken the price. There is a high probability of a reaction from here. The unpleasant image continues on the BTC side, as long as we cannot stay above 71500, the problem will continue

🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#

🧧 Join Gate.io Chat Community to Grab Red Packet Airdrops Everyday!
⏰ Click the red packet icon as soon as the countdown ends. First come, first served.
🥳 Remember to claim your lucky red packet & do not miss out!
➜ Join Gate.io Chat Community:
Open Gate.io App » Click "Home" » Click "Post" at the bottom of the Home-"Chat" » Enter Gate.io Group or
➜ Click the Link to Enter: https://gateio.onelink.me/LHro/group?chatroom=group

📣 Trade #GT# to share $10,000! Newcomer Gifts Up for Grabs Also
👉🏻 Join Now: https://www.gate.io/campaigns/903
🔹 Participate in #GT# check-in challenge to win $7,000 in rewards - all users available
🔹 Sign up and win $3,000 prizes - new user special
🔗 Event Details: https://www.gate.io/announcements/article/44813

#Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
‍ #Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie

🎊 12th Anniversary Celebration Continues — Limited-Time Revelry Round 3 is On!
Play twice a week to find the hidden anniversary cake and win prizes like iPhone 16 Pro, MacBook Air, exclusive merch, and more
✅ Just Log In to Start Playing: https://www.gate.io/activities/12th-anniversary?pid=APP&ch=s9ZCIeg6
Event Details: https://www.gate.io/announcements/article/44624