BTC has been dropping as part of a due correction... Next support is at around 8850 so expect the next flight there. Overall picture does seem bearish but short term, should go up halfway at least!
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Looking athe MACD and RSI, its a risky trade.
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As an indication of up or down movement, look at the altcoins and see if any of the big ones i.e., ETH/LTC/BCH are pumping... a good half a minute of these coins going up or down is an indication that BTC will follow.
I know usually these coins follow BTC but at times, these coins give an indication about BTC as wel.. its like mutual cooperation between big brother and siblings :)
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I don't think that dumping is serious, could be a bear flag or bear trap... should recover soon.