The invention relates to the technical field of settlement observation systems, and discloses a guyed settlement observation system. The guyed settlement observation system comprises a stay wire arranged vertically, an observation component located above a work face, an anchoring body fixed in a hard rock layer, a settlement plate arranged in a to-be-observed position and a stay wire sleeve arranged vertically. The lower end of the stay wire is fixed to the anchoring body. The upper end of the stay wire extends to the position above the work face and is movably connected to the observation component. The stay wire is movably sleeved with the stay wire sleeve. The lower end of the stay wire sleeve is fixedly connected with the settlement plate. The observation component is in butt joint with the upper end of the stay wire sleeve. The observation component monitors the length of the part, drawn from the upper end of the stay wire sleeve, of the stay wire. Through settlement of the settlement plate, descending of the stay wire sleeve is driven, the observation component monitors the length of the part, drawn from the stay wire sleeve, of the stay wire, the settlement amount, settlement speed and other information of the to-be-observed position are obtained, monitoring data are direct and accurate, and the workloads are reduced.