Judging by the atmosphere, I think yes. And she should die, because it would be the right way to beautifully end a good tragic slice of life.
For me the best ending for this drama seems like: she will die, but will live on through the “movie within the movie” and the ML heart. Then it would be a beautiful metaphor, because the audience will also remember her through the movie, it will allow the drama to repeat the circle of life twice.
It would also be cool if they actually included some of her camera footage into the “movie within the movie”, but that’s probably too much to hope for.
it’s only ep. 5 lol. maybe things will change