The invention relates to a hoop type adjustable head used for an inner support of foundation pit engineering and a construction method thereof. The hoop type adjustable head can be arranged at any position of a steel support; the principle is that two synchronous jacks apply additive axial forces, a nick is machined in the inner side of the hoop, the axial forces are borne and transferred through the utilization of a friction force and an occlusion force between a hoop and an inner pipe, and the force transfer way is reliable. The adjustable head comprises the hoop and the inner pipe, wherein two jack trays are symmetrically welded at the left and the right of a hoop flange, hoop wing plates are welded at the upper side and the lower side, and high-intensity bolts are mounted. According to the invention, the problems of poor integrity and unreliable force transfer of the existing steel support system are solved efficiently, the construction safety is improved, strong operability, safe and fast construction and convenient detachment are achieved, the hoop type adjustable head can be used repeatedly, the unsafe method of driving a steel wedge in the steel support adjustable head to bear and transfer the axial forces via a point contact way is replaced, and promotional values and development foreground are achieved.