Maybe it's still too early to predict the next season, but with Real Madrid itself it's different. They still have a bigger chance than other teams, but I don't think that means they can't be beaten. Of course there will be another team that is just as strong and can beat them even with a thin skirmish. We'll see in the coming season because only time will tell.
I think the same as you, although you always have to be very careful, sometimes the team that may be last in the table, even that is about to fall into the 2nd division can win in a purely impressive way, because that has happened, right now in the UCL the teams are more motivated, more reinforced and with more desire to win, with less probability of losing by making mistakes, because those mistakes are the ones that the coaches will work hard to prevent from happening again, so Madrid will always be the favorite, only now they cannot and should not lower their level, I think Ancelotti will know how to position a new team with very good players, but I insist, I see Madrid's midfield weak.
Yes, it feels like it will be very difficult for Manchester City to meet Real Madrid in the final. But of course we won't know what will happen in the 2024-2025 UCL season, but I personally also hope that Real Madrid will meet Manchester City in the final in the UCL. Yes of course this all depends on the strength of each team because of course if for example the strength of Real Madrid and Manchester City are the same then of course it will make Manchester City meet Real Madrid so of course it all depends on the strength of a team because if for example the strength of the teams is equally strong of course they will have the potential meet.
Well things are very Exciting when it comes to Man City , Pep is still in charge and while he is in charge he is like one of those AI bots that learns to never Fall into the same mistakes again, City Already has to work when a team locks itself in defense, just like Madrid played, while they go for Everything to see how they can Undermine the way out of that problem , well Madrid has to find another way to be more efficient, if to play only defensively with very Lightning counterattacks and continue under the Unbreakable defense scheme, this is what Ancelotti showed us who Always brings out his best Cards at the End.