What do you mean bouncing off? You had your foot in it and no matter how much you pressed the accelerator it wouldn't rev past 3500?
And you had first gear selected but held the clutch in to rev the engine?
I would not recommend doing that. I would not recommend holding the clutch pedal down at all. Just use the clutch to start off and to change gears. Otherwise when stopped put the transmission in neutral. You'll thank me when you don't have to replace the slave cylinder because the clutch pedal sticks down.
There is no launch control, and there should be no rev limiter at 3500.