One of the most interesting moments of the last chart $BTC — the candlestick pattern 'inverted hammer', which can be seen before the recovery from below, near the mark of $76,606.
This pattern forms after a strong decline and indicates a potential trend change. The long upper shadow shows that buyers attempted to push the price up, but sellers are still strong. However, this very struggle often means that the selling pressure is weakening.
Judging by the chart, after the formation of the 'inverted hammer', BTC indeed started a short-term upward movement. Although further developments require confirmation, this example shows how even basic candlestick patterns can help in decision-making.
For beginners: such signals are better used in combination with MACD, RSI, or volumes, as shown on the chart.