Real Madrid are going on incredibly great in the Champions League. Their performance is much more impressive than they have in the La Liga now. That victory over Liverpool is really hard to forget. Because it was a really huge win in Anfield which I assume not many people would have expected such result. Ancelotti is like he is motivating the players specially for the Champions League right now.
After Barcelona have increased the point gap with them in the La Liga maybe Ancelotti just wanted to focus on the Champions League title more. Real Madrid are a winner team and they wouldn't accept a season without title. I know that there is Copa del Rey going on as well but it isn't as valuable as the Champions League.
Real Madrid in Europe are something else. They are a different team once it gets to the UCL, they play like their life depends on it. For me the champions league is the only opportunity for a silverware this season. Although they are still in the Copa del rey, I doubt they would come out victorious after losing the first leg to Barcelona. I'm saying this because the second leg of the Copa del rey will be on the 5th of April and by then all of the Barcelona player that were missing for the first leg will be available and the second leg would be at the Spotify Camp Nou. Barcelona have been good at home this season. As for the league, Madrid chances of overtaking Barcelona is very slim, not impossible though but very slim. If Barcelona don't slip up then there will be nothing for Madrid in the league.
In the champions league, a lot of big teams are not at their 100% and Madrid can take on any of them on their day. So the champions league is relatively easier to win for Madrid than the league this season. I don't see any of the teams left in the champions league stopping Madrid but I guess that's the beauty of the game, any team can knock out any team.
In fact, in recent years, Barcelona mostly wins the Spanish championship, and Real wins the Champions League.
It's incredible that Barcelona didn't qualify for the knockout stage of the Champions League for the second year in a row, but in the Spanish league they are on the verge of winning the championship.
Obviously, Real players have a special inspiration when they play in the Champions League and often play beyond their capabilities, without making a mistake, unlike other teams.
I agree that they are one of the favorites for the Champions League this season, but the competition is fierce and anything is possible.