Core Viewpoint - The market is currently in a state of fluctuation without clear signs of bottoming out, with key resistance levels being tested but not surpassed [1][2]. Market Analysis - The market experienced a day of low-volume fluctuations, indicating uncertainty about whether a bottom has been reached [1]. - The Shanghai Composite Index has been influenced by the banking sector, showing relative resilience compared to other indices [2]. - Other indices, such as the Shenzhen Component and ChiNext, displayed clear downward trends, with no signs of a bottom being established [3]. Technical Indicators - The key resistance level for the market is identified at 3368, which has been tested multiple times without success [1]. - A failure to break through this resistance could lead to further declines, with the next support level at 3353 being at risk of being breached [2]. - The market is expected to find a new equilibrium at lower levels before a potential recovery can be anticipated [3].