Step 1: Substitute \(x=\cos 2\theta\).
Given,
\[
x=\cos 2\theta.
\]
Now,
\[
\sqrt{\frac{1-x}{1+x}}
=
\sqrt{\frac{1-\cos 2\theta}{1+\cos 2\theta}}.
\]
Using identities,
\[
1-\cos 2\theta=2\sin^2\theta
\]
and
\[
1+\cos 2\theta=2\cos^2\theta.
\]
Therefore,
\[
\sqrt{\frac{1-\cos 2\theta}{1+\cos 2\theta}}
=
\sqrt{\frac{2\sin^2\theta}{2\cos^2\theta}}
=
\tan\theta.
\]
Step 2: Simplify \(y\).
So,
\[
y=\sin\left(2\tan^{-1}(\tan\theta)\right).
\]
Hence,
\[
y=\sin 2\theta.
\]
Step 3: Differentiate \(y\) and \(x\) with respect to \(\theta\).
Since
\[
y=\sin 2\theta,
\]
we get
\[
\frac{dy}{d\theta}=2\cos 2\theta.
\]
Also,
\[
x=\cos 2\theta,
\]
so
\[
\frac{dx}{d\theta}=-2\sin 2\theta.
\]
Step 4: Find \(\frac{dy}{dx}\).
\[
\frac{dy}{dx}
=
\frac{\frac{dy}{d\theta}}{\frac{dx}{d\theta}}.
\]
\[
=
\frac{2\cos 2\theta}{-2\sin 2\theta}.
\]
\[
=
-\cot 2\theta.
\]
Step 5: Final conclusion.
Therefore,
\[
\boxed{-\cot 2\theta}
\]