Jiang Zhuoer: This round of decline has resulted in a severe oversold condition; I have already buy the dips ETH at $1850.

According to ME News, on February 6th (UTC+8), Jiang Zhuoer, founder of B.TOP mining pool, stated on his social media platform this morning that the cryptocurrency market "has experienced a severe oversold condition since January 28th, and there is a need for a recovery and adjustment in the medium term." Jiang Zhuoer also stated that he "buy the dips ETH at $1850, with a stop-loss at $1790. The take-profit target hasn't been determined yet; we'll see. This kind of oversold condition presents an opportunity that only comes once a year; it would be a huge loss not to take advantage of it." B.TOP, founded by Jiang Zhuoer, was once one of the world's top Bitcoin mining pools, and at the peak of the bull market in late 2017, it boasted the highest network hashrate. (Source: ME)