I would really appreciate any insights or feedback you can provide, as I'm trying to better understand how to read these charts and interpret the information.
I noticed some red bars have green arrows, and some green bars have red arrows
"as I'm trying to better understand how to read these charts and interpret the information."
@OP, to better understand that chart, you have to change this candlestick pattern to a simple one that you can understand. Those arrows that is closely attached to those candlesticks are appearing there because of the technical tool you are using (you must have applied it unknown to you) or because of the kind of indicator that you have set up. Go to the chart settings and close all the indicators that you might have turned on.
Too further understand the direction of a market chart of a coin, you have to look at the higher time period because the short time period are mostly referred to as just market sentiment but high time period will show you the real trend.
This is a BNB/USDT chart, the chart is not showing the time period and what is more obvious to me here is that the market is just ranging, no high bullish or bearing momentum.