I don't think so. If that's what you meant in your earlier post then I misunderstood you. At 35m the bullet will be just rising above your line of sight through the scope (having just passed the primary zero point), so for precise shooting you'd need to aim slightly low. But at that distance the difference is so small I don't think there'd be any need to compensate.
At 6ft, as suggested in
@Finch's example of an HD situation, the bullet would be a fair bit below your line of site (probably a couple of inches) so you'd definitely need to aim high.