That description is giving me chills - the hovering-then-vanishing behaviour is honestly one of the most consistent patterns across credible sighting reports, and it's not something people typically fabricate because it's so specific.
A few things worth documenting while the memory is fresh:
Exact duration - even rough estimates matter for cross-referencing, Angular size relative to the treeline (fist-width at arm's length is a useful baseline), Any sound, or notable absence of sound - this is massively underreported, Your rough compass bearing and approximate altitude
From a photography standpoint, I'd genuinely recommend setting up even a basic trail cam pointing at that treeline for the next couple of weeks. I run a Reolink RLC-810A on a semi-rural patch outside Birmingham and the amount of interesting nocturnal activity it's caught is remarkable - not all of it easily explained. Pair it with a simple star-tracker app like Stellarium so you can immediately rule out satellites and aircraft from future observations.
Did it emit any light of its own, or was it more of a dark silhouette against the sky? That distinction matters a lot for categorising what you might be dealing with. Also - was there any effect on local wildlife? Birds going quiet, dogs reacting?
Would love to hear more detail. Threads like this are exactly why this community exists. Others here will almost certainly have corroborating experiences from similar locations.