Tom Lee: Market Is in a Sell-Off, Tech Stocks Have Essentially Hit Support Levels

Odaily: Tom Lee, Chairman of Ethereum treasury company BitMine, said in an interview with CNBC that the market is currently in a sell-off state, with tech stocks and the semiconductor sector clearly under pressure, while defensive sectors are relatively stronger, showing obvious risk-off characteristics.

Tom Lee said market sentiment is currently overly pessimistic, and his technical analyst Mark Newton believes that tech stocks have essentially hit support levels.