We now see bitcoin price reached $7470, and it could down for more or even it will go up in the next week. But we already have seen that bitcoin touched $6830 yesterday, and although the price now is higher than yesterday, it could go down again. We can go down for more this week and perhaps, we will hit less than $7000 so you need to be careful if you think about buying bitcoin. It's better to let the market move and watch the price moves for now so we can see what will happen to the price. If the price goes down, then we can prepare to buy bitcoin, but if the price goes up, then we still have bitcoin ready to be sold at a higher price.
One way or another, you need to secure your assets for the time being and limit transactions because the massive volatility of the crypto market is making things worse. I think Bitcoin will continue its downtrend and it is quite possible to return to $6000 next month so please analyze and make more accurate decisions in your investment.
I would still choose to invest in the long term if possible but would consider selling if things were worse. Of course, I will lose money but I will never accept to lose money stupidly during this time.
I already secure my assets by limiting the transaction because I don't see my chance to make a profit this week. But I hope that in the next week, everything will be back normal so I can start to sell some coin again to make a profit. I think the same as you about bitcoin will be down this day because the price is hard to increase. But I am sure that the bitcoin price will increase in the next week.
Although I don't know if bitcoin price will reach $6000 or not, I will try to have more money so I can buy more bitcoin if the price is down for more. Yes, investing in the long term will be a good idea in these situations because the market still not increase so high. We need to be patient and wait for more.