You will need a frenuloplasy or a circumcision,  else this may occur again.

See befor suggestion of medicine It will be great if u visit a surgeon once and get examine Second after examining Than only the plan has to be decided Because U may require circumcision Also Because blood came exactly the position and why it came It's can't be said by just the story We need to see So it will be better if u visit the surgeon Get examine And start the further management Insted of online advice and getting dealy Ok

Get examined by good Laser Surgeon general surgeon

If not infected wound will heal in its own time Better if you visit a Surgeon to fix the problem for future, ànd be cautious penile rupture do happen if you r not careful

Best to apply soframycin for now.

Continue same ointment go for circumcisoon