Remember you will need a new Distributor Certificate for your Galaxy Watch after you connect.
For the SDBoverBT you need to enable USB Debugging on your phone but lets just try the WiFi connection for now.
Make sure Debugging is on. go to the About watch Software version and tap on it 5 times to turn on Developer Options
If you ignore the RSA encryption key acknowledgment one time it takes that as a no and never asks again.
Hold down the home key on your watch until it says rebooting
While it is rebooting restart windows and your watch although that might not be needed.
Launch GWD and connect to your watch.
Make sure your IP address is in the dialog box as before…
Once it starts to connect watch the watch very carefully, The RSA acknowledgement only shows for a short period of time. After that you should be good to go.
Samsung Developer Program