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I like your view of Real Madrid which is quite positive. Well, hopefully this team will get up soon and prove again that they are a team that will not be down for a long time. They have to prove that they can rise without having to wait a long time. Ancelotti will definitely give everything he can for this team. Because Real Madrid's current position in the Champions League is also quite worrying. So that in the next matches Real Madrid really can't afford to lose or even draw.
And in Laliga I think Real Madrid is still fine. They also have points that are not much different from Barcelona. Moreover, Real Madrid has 1 postponed match that they can take advantage of. So yeah Real Madrid is not that bad in Laliga. What I'm worried about Real Madrid is only their current position in the Champions League.
Madrid is very likely to bounce back, they still have a pretty good position in the league as runners-up with 30 points and are only four points behind leaders Barcelona. If Madrid can perform more consistently then it is very possible that Real Madrid can seize the top position in the standings, although currently their position is still overshadowed by Atletico Madrid who are in third place in the standings with 29 points.
However, regarding their position in the UCL, they are currently in a pretty worrying position, namely in 24th position while with three matches remaining, Real Madrid must maximize the three matches to get more points so that their hopes of qualifying for the next phase remain intact, because what can be expected now is to maintain their position in the top 24.