Questiom about placement matches

Let’s say I top offed this season at 3500 but ended at 3000. For next season’s placements will my new rank be based off my final sr or season high? Because in I think season 6 I went 300 under my season high but still placed higher than my season high for that season.

(2) Overwatch Forums
(15) Developer Update | Upcoming Season 6 Changes | Overwatch - YouTube
(24) Season Placement Data - Google Sheets
(39) Season 9 Placements Analysis, High Variance Explained
(48) Groups and Matchmaking in Overwatch

If you decayed to 3k is different than losing your way to 3k. The matchmaker will reward you more points if you decayed. The placements will give you a boost too if you are performing ahead the other players. If you are underperforming you get less points than you should during and a couple of matches after placements.