I agree with not putting too much into your morning BGL after eating that bread, dawn effect can vary widely from person to person. If you want to see what’s actually happening when you eat the bread, check your glucose just before eating then every 30 minutes after eating until you’re back around your starting point. The more insulin resistant you are, the longer it will take. If you’re diabetic it can take hours while if you’re really insulin sensitive it may go so fast you miss it in that first 30 minute wait. If it’s still elevated after 2 hours you’re still diabetic just controlling with diet.
Did you check ketones that morning? I went through this awhile back, hopefully this article will help:
https://www.dietdoctor.com/low-carb/fasting-blood-glucose-higher
Good luck.
This is a normal and expected response if you had been in ketosis for a long time. If you were out of ketosis for a couple weeks, your body would figure it out and likely you would see a normal AM blood sugar.