For a country that measures football pain in four-year cycles, the finger-pointing began quickly. Much of it was aimed at Ancelotti, who had only one year to reshape a side who had drifted through three interim managers while the Brazilian FA waited for him to leave Real Madrid.
But Caetano told Reuters the 67-year-old Italian, who extended his contract in May until the 2030 World Cup, would not be cast overboard after one storm.
"He is our manager and will be throughout this cycle," Caetano said.
"One of the main reasons we failed in this World Cup was not to have proper, stable guidance long term that would have prepared our national team the way it should for a World Cup and we cannot make the same mistake again."
Ancelotti's decisions, however, offered plenty of material for the post-mortem.
He was criticised for allowing midfielder Bruno Guimaraes to take an early penalty, which he missed, and for leaving 34-year-old duo Casemiro and Danilo on until the end of a match in which Brazil looked heavy-legged and short of ideas.
His introduction of forward Neymar midway through the second half also did little to alter the match, beyond the forward converting a penalty deep in added time to reduce the deficit.
In Germany, another big soccer nation to suffer an early exit, Jürgen Klopp signing up to replace Julian Nagelsmann as Germany coach is not a foregone conclusion said a leading official.
"It is definitely not done and dusted", said German Football Federation vice-president Hans-Joachim Watzke said.
Watzke and DFB president Bernd Neuendorf are expected to soon travel to New York to hold talks with Klopp, who is working as a TV pundit at the World Cup.
Watzke said the chances of a deal with Klopp were "greater than 50 per cent."
He added: "Problems are there to be solved. Of course we have our pain threshold (when it comes to money). We are expecting a slight patriotism discount or at least I am in particular from Jürgen.
"He makes players better, definitely," he said, adding that the style of play "will probably be a bit more physical, a bit more intense, a bit more rustic again."
