Bitcoin's June decline of approximately 18.5% is its weakest monthly performance since mid-2022. The current price is oscillating around $58,500, near the recent low area. Technically, the price has touched the lower band of the Bollinger Bands on the 4-hour chart, and this area is the short-term key support level for BTC. The RSI indicator has formed lower highs and lower lows, indicating that although the overall structure is bullish, there is a short-term bearish reversal target looking up to 60,000-60,800; conservative traders should wait for the price to break and hold above 60,000 with volume before considering long positions. If it breaks below 57,500 with volume, then exit decisively, and watch the 55,000-56,000 area below.