I know that Liverpool is in their best form and they have not experienced any difficulties since the beginning of the season, doesn't mean that we should underestimate Real Madrid because of the trauma they are experiencing in the club. However, I believe that they might surprise us on that day, but it will not be easy for this to happen, because Liverpool is also ready for them.
Liverpool started the season playing against some clubs that are not too strong. The only big club they have faced in the Premier League is Chelsea and Arsenal out of the total number of game played this season. In other league i can barely think of any other big club they've played. So i would say it has been quite an easy pass for Liverpool. Soon they will starting meeting stronger teams in all competition. And its obvious that Liverpool will face Real Madrid, Manchester City after winning against Southampton. If they are able to win against this team then i know they are better than their last season. In the end they might end up wit a trophy.
But at least, Liverpool managed to beat Milan at the San Siro with a score of 1-3 but, Real Madrid lost to Milan at the Santiago Bernabeu with a score of 1-3 as well. Indeed, these results cannot be used as a full benchmark but at least, with these results it can also be a consideration to analyze their performance so far this season. Because at least, based on the odds available at this time also that Liverpool have quite favored odds. But even so, that does not mean I underestimate Real Madrid but indeed, at this moment Liverpool clearly has good results in the Premier League and in the Champion League, so it is not surprising that based on the odds that Liverpool is also a favorite team for this match later.
But indeed, it will be a different assessment if we consider about their head to head results as well. Because in fact, Liverpool and Real Madrid also meet quite often in the Champion League, but in fact Real Madrid has a good dominance of victory when playing against Liverpool in the Champion League. With these factors, then of course Real Madrid as the best team in the world will still have a chance to thwart Liverpool at Anfield. But maybe also, with the conditions and situation of Real Madrid like this, maybe it will also make Liverpool will maximize completely to successfully defeat Real Madrid later. Who knows.