Warning of bull trap for Bitcoin, Dogecoin, XRP as S&P 500 forms rising wedge; U.S. Inflation monitored

Bitcoin (BTC) is heading toward 120,000 USD with a breakout pattern. However, S&P 500 hints at a bearish shift, potentially dragging crypto prices down.

XRP remains in a descending pattern, hinting at indecision. Conversely, Dogecoin (DOGE) is bullish after reclaiming a key trendline, suggesting positive momentum.