Based on MACD, Parabolic SAR, and the S&R lines, it looks like Bitcoin is going to $6,000 and even below...
This upward movement that occurred over the last month was associated with HYPE with ETF. Personally, I hope & believe BTC will not fall below $6,000 but, according to the indicators, this is definitely a reasonable possibility.
Many trades ask me whether it's the right time to buy BTC or it's better to wait a bit? As I always say, the question is how long you're going to "play" and keep your money in, at the current situation BTC investors may not see profits in the upcoming month, but remember that when you're 'out of the game' your chances to generate profits are zero, think about it.