Assuming the Rockets can carry the next two games. The Rockets will effectively be 3 games up in the standings on the Warriors as they carry the tie breaker. Rockets should be the favorites barring injury to win the 1st seed.
Warriors are now 2 games in the loss column behind the Rockets, plus the tie breaker. The race for #1 seed is pretty much over now. I don't think the Warriors can make up 3 games on the Rockets, considering Curry is still injured.