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Liverpool have a more consistent performance than Real Madrid. And if it is a big match I think the chances are 50:50 because both teams are often favorites. But with their current form I think Liverpool are more favored to win this match. Arne Slot can really maintain Liverpool's performance which is even better than the previous season.
But if we talk about UCL I still favor Real Madrid to be the champion this season. Just like the previous season where City were favored to win the UCL but in the end Real Madrid won.
If we put in context the performances of Liverpool and Real Madrid this season, it's obvious that the English club have had a better season and have been more consistent than the Spanish club but since this is a UEFA Champions League game, I think Real Madrid have a good chance of getting a result against Liverpool in their game next week.
Real Madrid is the reigning Spanish and European champions and as the most successful club in the competition, I'm very optimistic they can go to Anfield and get win. That being said, I expect a very strong performance from both teams which at the end, the home team might take all three points.