Madrid are now quite good. I think they can get into the last 16 although they will probably have to go through the play-offs. Winning the remaining 2 games will not guarantee Madrid an automatic place in the last 16 by placing them in the top 8 of the standings.
They didn't start well is a bad result, but when they get through to the next round, then the situation will be different.
Maybe I won't be able to, but I'm sure that Ancelotti will try to do it, because it will allow them to play from the next stage. The most important thing is that Ancelotti can go through difficult times with the team and return to the previous level, the team cannot play well all the time, it is very difficult for the team to endure without declines the whole season and it is better when you have a difficult start of the season and at the end the team reaches the peak of form. Let's see how it will be for Liverpool.
As far as I remember in the previous season also, that Real Madrid did not have good results in the group stage. But, in the knockout phase, Real Madrid really had very good results and of course, Real Madrid's results in the group stage and in the knockout phase last season were very different. Thus, maybe at this moment it will happen again but unfortunately, this season has a different format so that the team that only finishes in the top 24 and not in the top 8, then the team that finishes in the top 24 will go through the play-off round before entering the last 16. Thus, at least they will only have a tighter schedule and of course, it may also affect the fitness of each player. But yes,the point is that Real Madrid still has a chance to qualify further, I personally do not doubt the quality that Real Madrid has.