After a frustrating week I finally got my watch working as normal. Suddenly after 10.0 update the battery went to only lasting around 6-7 hours.
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Looked up answers online and nothing worked since it also wouldn't update. Unpaired, paired, reset - did this cycle about 3-4 times and was still not working. Everytime I paired again I had the battery issue and was telling me to update - but the update was stuck on preparing.
Eventually, I reset the watch and set up as new - was given a prompt to update and this finally worked. Seems obvious really, but was very annoying.
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Funny thing is - since the new update I'm getting almost 3 days on a single charge.