The bass seems to start earlier than another 4 measures.
At the 01:10, weird dissonances start appearing.
And it's very repetitive, that's why it might be extremely boring to listen to once you had listened to this for a minute already. There is no harmonical changes, and differences between each parts are veeery hardly notable. The ending is just 16 measures of the same thing.
And yeah, no form. A song that keeps repeating the same thing with some other patterns layered onto it. It isn't divided by more epic parts and calmer parts. But maybe I misunderstand something in this genre?

Sound effects sound pretty good with each other, that's what makes the song sound pretty decent overall. But still, more work needs to be done.