I went to take a photo of the full moon, thought I saw a star, went to show my nephew and it dropped from the sky.

At 4:16AM in the morning of October 29th, 2023, I decided to take photos of the full moon + clouds. I took the photos and noticed, what appeared to be a star to me, a singular, bright light, maintaining one spot for over 5 minutes. I went inside to show the photos to my family, talked for about 5-7 minutes then brought my nephew outside to see the moon/clouds. I pointed out the “star” to my nephew, and not soon after, we both notice it quickly drop down from the sky, at least 200 feet, then go straight back up, above the clouds.
I looked at my photos and noticed the object was hanging directly below cloud cover, right on the edge of the cloud. I know it wasn’t a plane, it maintained the same space for an extended period of time and the speed it accelerated to as it dropped would be unmaintainable for an aircraft (possible a missile could maneuver like this, but it couldn’t sit stationary).
The object was in the western sky, situated to the bottom left of the moon.