Yes, cycle 570 means your refund has been held, or delayed, by the IRS for an unspecified reason and an unspecified period of time.
This code is very common for early filers. Sometimes the IRS will ask you to verify your identity, or take another action, and sometimes, they will just release the hold.
No one can get you a guaranteed date that you will get your refund. Xmasbaby is right, you should use the Where's my refund tool? to check on your status. If you do that, they will let you know if you need to do something.
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