Yep. Both Man City and Liverpool have the same chance to win the EPL title this season. However, I think Liverpool may have a better chance because they can play more consistently and not depend on certain players.
Manchester City can win the Premier League title with or without Keven De Bruyne. Liverpool, on the other hand, has excellent attackers who can produce; they can play effectively and score goals even without Salah. As a result, they may win the league. However, since Arsenal defeated both Manchester City and Liverpool this season, I will also include them in the title race. They have an impressive squad that can win the league.
Manchester City may have been knowing for their bounce back from behind so for that the possibility for Manchester City to arrive from behind to take the first spot from Liverpool and ultimately win the premier league this season and become the defending Champion, although this may become impossible if Liverpool keeps up with the current drive and also Manchester city keep losing their key players either due to injuries.
Those and many more are the unforeseen circumstances that can limit or stop Manchester City from topping the leagues for this season, although the possibility is also there.