Bitcoin's daily descending channel in the chart below appears quite predictable: (1) Support at 79K, enter a long position, and it rebounds; (2) Resistance below 84K, take profit on long positions, and prepare to short; (3) Around November 1st, it reaches near 84K. After the midterm elections, volatility increases, and it also reaches the upper boundary of the descending channel, so enter a short position; (4) It breaks below 79K, reaching the 76K-77K range, and prepare to go long. This scenario seems pretty promising, but will the market actually react?