Tom Lee: Market is in a sell-off mode, tech stocks have hit support levels.

BlockBeats news, October 23: Tom Lee, Chairman of Ethereum treasury company BitMine, said in an interview with CNBC today that the market is in a sell-off state, with technology and semiconductors under significant pressure. Meanwhile, defensive sectors have strengthened instead, and the market is showing clear risk-off characteristics.

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