Look at the hourly chart:

1. At 18:00 Beijing time, someone on Bybit started to sell off early

2. At 19:00 Beijing time, people started to sell on CB

3. At 20:00 Beijing time, users on BN began to sell off crazily

One hour is close to being oversold

If the US stock market opens and holds above 108400, there is hope for a rebound

Otherwise, the next target is to pull back to around 105800 tonight, and one could attempt to go long for a rebound.