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What is the difference between "this" and "that" in "How much is this/that watch"?

I am studying English and I would like to know the difference about "this" and "that" at this phrase translating to Portuguese.

  1. How much is that watch? - Quanto é esse relógio?

  2. How much is this watch? - Quanto é esse relógio?

I saw the difference about this and that here Difference between this and that.