There was little expectation that Manchester City would be eliminated, but when it comes to penalties, the luck factor comes into play. They should have scored goals in normal time and won the match. After all, Real Madrid is also one of the biggest clubs, this result is not a surprise. Bayern passed the round despite not being much superior. It's difficult to predict who will win the cup, all four teams are the best in the world. It won't be a surprise who wins. Dortmund may be the team with the least chance, but even they have a chance. Real and PSG are bigger favorites.
Manchester City lost dramatically against Real Madrid. Until extra time the score remained unchanged at 1-1, so the match had to be decided via a penalty shootout. This is where the mentality of the Real Madrid players looks tougher than the Man City players. Even though Luka Modrid as the first kicker failed to carry out the execution, but the other four executors succeeded in carrying out their duties. Besides that, Real Madrid's victory was also due to the contribution of Andriy Lunin, who played very impressively that night.
I think Real Madrid will be a strong candidate in the Champions League, they will indeed meet other strong candidates but I think Real Madrid will be able to win against Bayern Munich.