Did it ever went down midcycle (similar position) below the prior ATH?
Nope. Therefore, unless we are witnessing something entirely new, somewhere around 25K could be a "natural" attractor because it corresponds to roughly 61.8% decline (Fib number) IF we will go below the prior one (50%, where we are right now, give or take).

Because of this, it is either bounce here or 25K (plus minus a thou or half a thou), IMHO.