Real Madrid is a team that can perform consistently and in the matches that matter to them, they perform much better than expected. If expectations aren't high for Real Madrid this season, expectations won't be high for any other team.
I think the Spanish Super Cup final was also an important match for Real Madrid, but their performance was far from expectations. Even though Man City is in a bad period, it doesn't mean they can win the match easily, especially before this match takes place, Madrid has to face Atletico in the continuation of La Liga. Real Madrid performance depends on the strategy carried out by Ancelotti because the players' energy will be drained in the Madrid Derby to fight for first place.