The current Brazil team are in good form now, I am pretty sure they will go far in the competition after qualifying for the World Cup. With the likes of Vinicius, Neymar, Rodrygo Goes, Raphina, Casemeri, Gabriel Martineli and Gabriel Jesus, and so on. And Alisson Becker at their goal, the team might be unstoppable. Only the Spanish team and Portugal team can beat this squad I mentioned. Anyway, it will be inappropriate to start judging the teams when the tournament is yet to begin.
They did had a good level before, but they were on a rump recently so we shouldn't be expecting it to change and they need to make some changes. They had all these good players and yet still had a bad period in the recent years, which is why they ended up getting Ancelotti to begin with. Does that mean they will stay bad? Of course not, they can do better but they need to realize they need to play better.
I feel like Brazil hasn't been good in a long time, and that could be putting too much pressure on them. They haven't won the world cup in a long time, last time they won was in 2002 which means by 2026 we would see 24 years of no titles for them here and that is why we can't really look at this as a potential success, they haven't been good.