The different channels in bootstrap always refer to a four-point function; for simplicity we can take a scalar primary ϕ, so the object of interest is
⟨ϕ(x1)ϕ(x2)ϕ(x3)ϕ(x4)⟩.
Up to a scaling factor, this equals a function of two cross ratios u and v, say g(u,v). To analyze g(u,v), we can pick any conformal frame we like. For now, we'll map x1,x3,x4 to
x1=0,x3=(1,0,…,0),x4=∞.
By a suitable rotation, we can always assume that x2 lies on the plane spanned by the first two unit vectors. Let's parametrize this plane by a complex coordinate z with conjugate ˉz, so x2≡z.
We now use the fact that the OPE ϕ(y1)ϕ(y2)∼∑icϕϕiOk(y2)
converges inside a correlator
⟨ϕ(y1)ϕ(y2)…⟩ if there's a sphere separating
y1 and
y2 from all other operator insertions. This is a consequence of radial quantisation. Let's apply this to the four-point function
⟨ϕ(0)ϕ(z)ϕ(1)ϕ(∞)⟩∼g(z,ˉz).
In passing, we've changed coordinates from u,v to z,ˉz.
If |z|<1 both the OPEs ϕ(0)ϕ(z) and ϕ(1)ϕ(∞) converge at the same time. This means that that the four-point function admits a conformal block expansion
g(z,ˉz)∼∑ic2ϕϕiGi(z,ˉz)
where Gi(z,ˉz) is the conformal block corresponding to the primary operator Oi. We can call this the s-channel.
Now consider a different case: the disk |z−1|<1. In this case the OPEs ϕ(z)ϕ(1) and ϕ(0)ϕ(∞) converge. This is a different double OPE expansion. However, it should give back the same four-point function. In a formula:
g(z,ˉz)∼∑ic2ϕϕiGi(1−z,1−ˉz).
This is a different channel, let's call it the t-channel.
Finally you can consider a third channel, when z is far away from 0 and 1.
The magic of the (numerical) conformal bootstrap relies on the fact that if z lies in the intersection of the disks |z|<1 and |z−1|<1, the s and t channels converge at the same time. This gives you constraints on the spectrum without knowing g(z,ˉz) explicitly.
I want to stress that there is no consistent naming scheme for the different channels. So don't focus too much on the name "s-channel" or "t-channel" since different authors may use different names; it should be clear from the context what they mean. Also the z coordinate above is nothing special: there are infinitely many other ones (other conformal frames) you can use.
I want to end with the message that by now there are many sets of lecture notes, MSc and PhD theses discussing the bootstrap program. With a quick Google search you will find a lot of pedagogical material. There are many too many tiny details that cannot be explained in a single forum post.