{"id":16077,"date":"2025-10-20T11:23:37","date_gmt":"2025-10-20T11:23:37","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=16077"},"modified":"2025-10-20T11:23:38","modified_gmt":"2025-10-20T11:23:38","slug":"spx-btc-oct-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/chart-of-the-day\/spx-btc-oct-2025\/","title":{"rendered":"Is the Worst Over? SPX and Bitcoin Chart of the Day Analysis"},"content":{"rendered":"\n

With the announcement of new China tariffs, both the S&P 500 and Bitcoin saw sharp corrections last week. However, the U.S. government has since toned down its stance, raising a fair question: is the correction over?<\/strong><\/p>\n\n\n\n

Technically, that answer depends on how the S&P 500 behaves this week. Bitcoin tends to move in tandem with the index, so if the S&P 500 manages a clean recovery, crypto could follow suit.<\/p>\n\n\n\n

S&P 500 Chart of the Day Analysis<\/h2>\n\n\n\n

Using a Fixed Range Volume Profile (FRVP)<\/strong><\/a> to assess key levels, the S&P 500 is currently hovering around the Value Area High (VAH)<\/strong> of its recent rally. While this zone acts as resistance, several factors lean bullish:<\/p>\n\n\n\n

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  1. The price is currently supported by the 20 EMA Bollinger Bands\u00ae<\/a>, an accurate level of support and resistance.<\/li>\n\n\n\n
  2. S&P 500 has tapped into a lower trendline of an ascending channel \u2014 technically a support level.<\/li>\n\n\n\n
  3. A regular bullish divergence has formed on the daily timeframe with the Stochastic RSI.<\/li>\n\n\n\n
  4. CNN Fear & Greed index is printing \u201827\u2019, a fear reading.<\/li>\n<\/ol>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    The gameplan here is simple. Watch how the price reacts around the VAH at ~$6,652.<\/p>\n\n\n\n