Accepted 1/28 and it was still havent received my return it says they have recieved my return and it is being processed my transcript cycle says 20200705 what's that mean

The cycle code tells you the calendar date in which your account posted to the master file. This is what the cycle code means :

• 2020 Year
• 07 is the IRS cycle week (7th week of filing season) 
• 05 is the processing day of the week  (Thursday in your case)

Cycle Code Ending in 01= Friday
Cycle Code Ending in 02= Monday
Cycle Code Ending in 03= Tuesday
Cycle Code Ending in 04= Wednesday
Cycle Code Ending in 05= Thursday

For a list of the 2020 Cycle Dates, please click this link:   2020 IRS Cycle Dates