In the remaining three match Real Madrid will face Atalanta away then against Salzburg at home and also the last one is against Brest and of course these three team are not strong team and it is still possible for them to save points even though they are in bad shape.
But Real Madrid must be careful for the next match against Atalanta considering Atalanta good performance and they could give surprise and beat Real Madrid, there is still big chance for them to be in the safe zone so they can continue to enter the play-off round.
After the defeat from Liverpool it is clear that at the moment Madrid has a difficult situation in the Champions League , so indeed if Madrid lose the next match against Atalanta of course it will be Madrid worst performance in recent seasons due to early exit from champions league , at the moment Ancelotti has this situation which is very challenging and if he cannot take Madrid through to the next round of course it will be a stain on his career, They are currently in 24th position which is the last position to qualify for the playoffs, so I think even to survive and qualify for the play-off zone will be difficult for them if they lose to Atalanta later, the change in the format of the Champions League is really a nightmare for them at the moment.
I agree, losing to Liverpool just made sure that they are aware of an issue with the team. But at the same time, they can't really do much about it can they? I mean they have seven injured players, so there is really "nothing" to solve, they are going to suck this season and will try to do their very best and that's it.
With that many injured players, they are still not far away in league, so they could win La Liga when their good players return, and that's just what they are going to hope for, that's it. Nothing they can do right now about it, what are they going to do, magically heal players instantly? They just have to realize it is going to be tough with this many missing players, no team win the world could have this many injured and still be ok with it.