PANews reported on February 6th that Jiang Zhuoer, founder of BTC.com, stated on his X 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 "bought ETH at $1850, with a stop-loss at $1790. The take-profit target hasn't been set yet; we'll see. This kind of oversold condition presents an opportunity that only comes once in a year; it would be a huge loss not to take advantage of it."