That's a fair take fr. I'm not gonna lie, Madrid has been Liverpool's greatest nemesis in the last decade. Iirc, we didn't get a single win off of Real Madrid during the entire Klopp era. Hopefully this time is different but I have very little expectations — maybe Liverpool gets off with a win at Anfield but lose or draw at Real Madrid's home. Leverkusen could pose a threat, even Leipzig (let's not forget that Leipzig ended Leverkusen's unbeaten run in the Bundesliga).
These small teams too don't need to bw underestimated.
https://www.uefa.com/uefachampionsleague/history/h2h/50051/7889/7 wins for Real Madrid, 3 wins for Liverpool and 1 other match ended in a draw. That is the record of meetings between Real Madrid vs Liverpool. Real Madrid has always been superior when facing Liverpool in the last few seasons, and even the last victory achieved by Liverpool was in 2008/2009, meaning they have not been able to beat Real Madrid for more than a decade.
Of course this is an additional job for Liverpool because they have to break the bad record they always receive when facing Real Madrid. It is certainly a challenge for Arne Slot as Liverpool's new coach this season.