Ascending wedges and bull traps indicate market crossroads, investors are nervous

Technical indicators show caution signals, with Bitcoin, Dogecoin and Ripple showing potential bull market trap patterns in the S&P 500 upward wedge pattern. Bitcoin is facing a resistance level failure, Dogecoin has shown a pullback after the [surge] driven by retail investors, while Ripple is difficult to break through the key level. Once the bearish wedge pattern of the S&P 500 falls below the support level, it may trigger a stock market sell-off. U.S. inflation continues to be higher than the Fed's 2% target, causing market tension and monetary policy adjustments may intensify volatility. Traders are advised to pay close attention to key levels and economic data.