Upvote:2
Yes, your luggage will be checked through; you can verify this when you check it in.
One hour is quite tight and, if your incoming flight is delayed, there's a good chance that you'll miss the connection. However, the airline is obliged to put you on the next available flight so this won't be a disaster. Also, if you're delayed slightly and you only just make the connection, it's possible that your baggage won't. Again, the airline is obliged to bring it to you in Bali and will do so as soon as they can. But I'd recommend having a change of clothes, toiletries etc. in your carry-on so that you'll be more comfortable if your checked luggage is delayed.