Sprinkle half of the shredded sharp Cheddar cheese (1 cup) over first layer of bread; refrigerate remaining half of cheese. Reserve 2 slices from 1 lb crisply cooked thick-cut bacon; arrange remaining cooked bacon slices over cheese in dish. Ladle half of egg mixture over bacon. Top with remaining half of bread slices in even layer. Ladle remaining egg mixture over top, making sure to soak each slice of bread. Cover tightly with plastic wrap. Refrigerate at least 8 hours or overnight.