Almost correct! Cheops orbits the Earth approximately once every 100 minutes, at an altitude of 700 km above the Earth’s surface.This orbit is called sun-synchronous, with the satellite crossing the equator at the same local solar time every day and night.
Cheops passes over the equator at around 6am/6pm, riding the so-called day/night terminator – as a result the orbit is also known as a dawn/dusk orbit. The orbit was chosen to minimise the impact of sunlight and reflected stray light from Earth on Cheops observations.
For a visualisation of the CHEOPS orbit take a look at: esa.int/ESA_Multimedia/Videos/2018/11/The_orbit_of_Cheops.
To see where Cheops is right now take a look at: cheops.unibe.ch/.