The Italian felt his side controlled the game for the first hour but could not deal with Barcelona’s counter-attacks in the final 30 minutes
Jeremy Mathieu and Luis Suarez scored either side of a Cristiano Ronaldo strike to give the home side the win in the Clasico as they opened up a four-point gap over their arch-rivals at the top of La Liga.
The Madrid coach thought his side held the upper hand for the most part, but when it came to the crucial final 30 minutes, they had no answer to Barca’s counter-attacking style.
“I think we have watched two teams at a very high level,” Ancelotti said. “I think we played very well until the second goal. After that, the game became very difficult.
“We did very well in the first half, we had good control of the game, we were solid at the back, but in the end we lacked a cool head to earn a draw. We played a lot of long balls and had too few ideas.
“It’s hard to say if the best team won. We were better for the first hour, but for the last 30 minutes the counter-attacks of Barcelona were devastating. I think both teams deserved to do something important, but it’s Barcelona who won. Good for them.
“They also have good ideas at set pieces. Suarez has great skill, he found the right space and scored. I do not think the goals were down to our defensive errors.”
The Italian insists the league is not over and maintains that if his side continue to work hard, they can catch Luis Enrique’s men.
“We must continue with our strategy. I think the team has improved a lot in this regard. Now the league is more complicated, for sure, but we will not give up.
“Right now, Barcelona has the advantage, but in football anything can happen. We won’t prioritise the Champions League over La Liga because both are as important as each other.”