The invention relates to a movable formwork supporting truss and a construction method thereof. The movable supporting truss comprises a supporting rod assembly, a connecting buckle, adjustable supports and universal wheels. The supporting rod assembly is composed of stand rods, horizontal rods and inclined struts, and a truss structure is formed through the connecting buckle. The adjustable supports are placed at the upper ends and the lower ends of the stand rods and used for adjusting the supporting height, and when the adjustable supports on the lower portions of the stand rods are replaced by the universal wheels, the whole truss can move. The construction method comprises the steps of ground leveling, single rod piece assembling, overall truss assembling, overall truss removing, recycling and the like. Compared with the prior art, the movable formwork supporting truss and the construction method thereof have the advantages that the construction efficiency and the material recycling usage rate are increased by two or more times compared with a traditional construction method, labor and material resources are saved, the economical benefits are appreciable, the movable formwork supporting truss is especially suitable for a cross beam structure and the construction occasions with regular and orderly bay sizes and can also be used in a beamless slab construction, wherein the construction occasions include superstores, office buildings, underground garages and other frame structures with post-cast strips.