Analysis on June 23, 2025, following the previous downtrend: The fifth wave down on the 6-hour level has completed, as well as the five waves down on the 1-hour level. Next, there will be a rebound in the 1-hour chart. The rebound wave of ABC is likely to take shape. At the same time, this is also a five-wave rise pattern on the 15-minute chart. The expected pullback will start around the position of 100000 plus or minus 500 points, with a target of 104000-105000. Risk control at 99000.