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Assumption 1: ① The decline from 126296 to 60001 is Wave 12345; ② The decline from 126296 to the current level is a WXY wave; If it is 12345, the decline may have already completed at 60,000. If it is WXY, after rebounding from 60,001, it still needs to continue declining to break new lows. To disprove WXY, the upward move starting from 60,001 must be at a higher level than 80,000 → 98,000. Assumption 2: