Tom Lee: The market is in a sell-off state, and tech stocks have reached support levels

According to BlockBeats, on October 23, Tom Lee, Chairman of the Ethereum treasury company BitMine, said in an interview with CNBC that the market is in a sell-off, with technology and semiconductor sectors under significant pressure. At the same time, defensive sectors are strengthening, showing a clear risk-averse trend in the market.

Tom Lee stated that the market is currently overly pessimistic, and his technical analyst Mark Newton believes that technology stocks have basically reached their support levels.